What is management and leadership​

Management consists of controlling a group or a set of entities to accomplish a goal. Leadership refers to an individual's ability to influence, motivate, and enable others to contribute toward organizational success. Influence and inspiration separate leaders from managers, not power and control.

Explanation:

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Management consists of controlling a group or a set of entities to accomplish a goal. Leadership refers to an individual's ability to influence, motivate, and enable others to contribute toward organizational success. Influence and inspiration separate leaders from managers, not power and control.

0.3044

Explanation:

Data provided in the question:

WACC = 8.95%

Company’s cost of equity = 10.4%

Pretax cost of debt = 5.3%

Tax rate = 21% = 0.21

Now,

After-tax rate of debt = Pretax cost of debt × (1 - tax rate)

= 5.3% × (1 - 0.21 )

= 4.187%

Let debt be x and Equity be y

Thus,

Total = $( x + y )

also,

WACC = ∑ ( costs × weight  )

or

8.95 = (

8.95 (x+y) = 4.187x + 10.4y

or

8.95x + 8.95y = 4.187x + 10.4y

or

x = (10.4 - 8.95)y ÷ (8.95 - 4.187)

=0.3044y

or

Therefore,

Debt-equity ratio = ( debt ) ÷ ( equity  )

= x ÷ y

= 0.3044