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18. Spyscape Inc. has a beta of 1.70 . The risk-free rate is 4.3 percent, and the market risk premium is 9 percent. The firm's

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18. Spyscape Inc. has a beta of 1.70 . The risk-free rate is 4.3 percent, and the market risk premium is 9 percent. The firm's cost of debt is 7.6 percent, and the debt-equity ratio is 0.25 . What is the firm's WACC if the tax rate is 34 percent? (a) 16.68% (b) 17.20% (c) 17.60% (d) 11.08%

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