Cookies 'n Cream, Incorporated, recently issued new securities to finance a new show. The project cost $14.1 million and the company paid $735,000 in flotation cos addition, the equity issued had a flotation cost of 7.1 percent of the amount ra whereas the debt issued had a flotation cost of 3.1 percent of the amount raised. I company issued new securities in the same proportion as its target capital struc what is the company's target debt-equity ratio? (Do not round intermediate calculat and round your answer to 4 decimal places, e.g., 32.1616.)
Cookies 'n Cream, Incorporated, recently issued new securities to finance a new show. The project cost $14.1 million and the company paid $735,000 in flotation cos addition, the equity issued had a flotation cost of 7.1 percent of the amount ra whereas the debt issued had a flotation cost of 3.1 percent of the amount raised. I company issued new securities in the same proportion as its target capital struc what is the company's target debt-equity ratio? (Do not round intermediate calculat and round your answer to 4 decimal places, e.g., 32.1616.)
Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter6: Accounting For Financial Management
Section: Chapter Questions
Problem 9P
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