Large gearing lessens the WACC, but It isn't usually the case. In some cases the personal debt financing is substantial sufficient that case the increase in the price of equity nullify the debt financing impact on WACC or occasionally it improves the WACC in case of greater financial debt https://casestudyanswers07309.glifeblog.com/33530357/a-simple-key-for-case-study-solution-unveiled