18.)

A corporation has 10,000 bonds outstanding with a 10% annual coupon rate, 8 years to maturity, a $1,000 face value, and a $1,200 market price. The companys 500,000 shares of common stock sell for $26 per share and have a beta of 2. The risk free rate is 3%, and the return on the market is 15%. Assuming a 40% tax rate, what is the companys WACC? (Note to get the exact answer you need to keep 3 decimals for the cost of debt and cost equity)

		14.72%
		16.55%
		15.97%
		12.85%
		15.05%