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13 Consider the following data. The figures are in millions of dollars. Balance sheet Cash 3000 Current liabilities 5000 Other current assets 7000 Long-term debt

13 Consider the following data. The figures are in millions of dollars. Balance sheet Cash 3000 Current liabilities 5000 Other current assets 7000 Long-term debt 25000 Non-current assets 50000 Equity 30000 Income statement Operating income 6000 Interest payment 2500 Income before taxes 3500 Taxes 1050 Net income 2450 If the required return on debt is 5%, the required return on equity is 12%, and the market value of equity is 80 billion dollars, the WACC is _________. 1 point 11.5% 12% 9.5% 10%

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