$15$

A firm has a cost of debt of $5\mathrm{.}9$ percent and a cost of equity of $10\mathrm{.}7$ percent. The debt$-$equity ratio is $57.$ There are no taxes. What is the firm's weighted average cost of capital?

Multiple Choice

eBook

$8\mathrm{.}96\%$

$8\mathrm{.}06\%$

$8\mathrm{.}27\%$

$9\mathrm{.}43\%$

$7\mathrm{.}46\%$