If The Cost Of Equity Capital Is 15 P A The Market Value Of Equity Is 5 Million

If the cost of equity capital is 15% p.a., the market value of equity is $5 million, the company tax rate is 30%, the cost of debt is 12% p.a. and y = 0.60, what is the cost of capital?

please give the detail and explanation of the every step to me , thank you !

 

"Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!"