Waec Model Questions Vol1 2018 Commerce Question 17
Practice objective / multiple choice question 17 from the 2018 Waec Model Questions Vol1 Commerce examination.
A firm requires ₦10,000,000 for a project. It can raise equity at a cost of 15% and a bank loan at a nominal interest rate of 12% per annum. The corporate tax rate is 30%, and interest is tax‑deductible. The firm decides to finance 40% of the required amount with equity and the remaining 60% with debt. What is the weighted average cost of capital (WACC) for the project (expressed as a percentage)?
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About This Question
This is Waec Model Questions Vol1 2018 Commerce Question 17. It is one of the objective questions from the 2018 Waec Model Questions Vol1 Commerce examination.
Difficulty level: Medium .
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