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10 help Upton Umbrellas has a cost of equity of 11.4 percent, the YTM on the company's bonds is 6 percent, and the tax rate

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Upton Umbrellas has a cost of equity of 11.4 percent, the YTM on the company's bonds is 6 percent, and the tax rate is 21 percent. The company's bonds sell for 102.9 percent of par. The debt has a book value of $402,000 and total assets have a book value of $950,000. If the market book ratio is 2.68 times, what is the company's WACC? Multiple Choice O 5.55% 5,554 O 8.17% 1 o 9.94% 8.27% 9.36%

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