Large gearing lowers the WACC, but It's not at all often the case. From time to time the debt funding is higher adequate that case the increase in the cost of equity nullify the debt financing effect on WACC or from time to time it improves the WACC in https://case-study-assignment-hel37662.wssblogs.com/34544177/getting-my-darden-case-solutions-to-work