A company has 10,000 shares of Rs 100 each, selling at Rs 120 each. It has also 10% Rs 12,00,000 debt. The operating profit is Rs 2,40,000. The required rate of return on equity is 20%. Find out WACC...

A company has 10,000 shares of Rs 100 each, selling at Rs 120 each. It has also 10% Rs 12,00,000 debt. The operating profit is Rs 2,40,000. The required rate of return on equity is 20%. Find out WACC under the M-M approach assuming (a) no tax, and (b) tax rate is 30%.