11 5 points Swansea Sunset Pic is considering raising extra capital to fund a new project. The project will be funded 20% with debt and 80% with equity. The equity beta is 1.5. The risk-free rate is 5% and the market risk premium is 6% Cost of debt is 7%. The tax rate is 30%. The risk of this new project is in line with the parent company. What is the after-tax weighted average cost of capital (WACC) for the new project? 11.2% 12.18% 14% None of other THREE answers Previous Next