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0 . The Patrick Company's cost of common equity is 16%, its before-tax cost of debt is 8%, and its marginal tax rate is 20%.

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0 . The Patrick Company's cost of common equity is 16%, its before-tax cost of debt is 8%, and its marginal tax rate is 20%. The stock sells at $40.50 per share and bonds sell at $950 per bond. A eente What is Patrick's WACC if the capital structure is based on market value? a. 12.80% b. 13.76% c. 14.16% d. 14.78% e. 14.99%

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