Higher gearing cuts down the WACC, but It's not at all usually the case. Occasionally the personal debt financing is large plenty of that case the increase in the cost of fairness nullify the debt financing effect on WACC or from time to time it increases the WACC in https://hectorquvwa.bloguerosa.com/33422911/the-smart-trick-of-case-study-helper-that-no-one-is-discussing