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14 Suppose you are estimating the WACC for Columbus Inc. It has the following data from its balance sheet: total debt =$200 milion; total equity=

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Suppose you are estimating the WACC for Columbus Inc. It has the following data from its balance sheet: total debt =$200 milion; total equity= $110 million. It has 20 million shares outstanding, and its stock is trading at $32 per share. Your analysis shows that the company's current borrowing rate is 7%, and that the cost of equity is 13%. If the company marginal tax rate is 30%, what is its WACC? Your

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