Keef, Stephen P; Khaled, Mohammed S; Roush, Melvin L - School of Economics and Finance, Victoria Business School - 2011
Miller (2009a) presents an analysis of the weighted average cost of capital WACC model. The paper attracts debate which uses a variety of repayment schedules to support the arguments raised. We present an extension of Miller's (2009a) WACC model in a world where interest is tax deductible and...