Which capital structure should we consider when calculating the WACC for a subsidiary valuation: the one that is reasonable according to the risk of the subsidiarys business, the average of the company or the one the subsidiary tolerates/permits?
Which capital structure should we consider when calculating the WACC for a subsidiary valuation: the one that is reasonable according to the risk of the subsidiarys business, the average of the company or the one the subsidiary tolerates/permits?