15 Question 21 (1 point) Flaherty Electric has a capital structure that consists of 70 percent equity and 30 percent debt. The company's long-term bonds have a before-tax yield to maturity of 8.4 percent. Using the DCF approach, the company determines that the cost of equity is 12.55 percent. If the company's tax rate is 40 percent, what is the company's weighted average cost of capital, WACC? 10.37% 10.30% 7.48% 9.89%