Higher gearing lowers the WACC, but It's not always the case. At times the personal debt funding is superior enough that case the rise in the price of equity nullify the personal debt financing effect on WACC or at times it increases the WACC in case of increased credit https://find-someone-to-do-case-s21382.canariblogs.com/the-best-side-of-harvard-case-study-help-49294735