1.Your company is looking at a major acquisition and needs to raise $90,000,000.The firm currently has a 2:1 ratio of Equity to Debt and plans to maintain that ratio.The pre-tax costs of debt and equity are 8% and 15% respectively.The tax rate is 27%.Flotation costs are 3% for equity and 2% for debt.What is the WACC for the company's $90,000,000 funding?

a.5.96%

b.10.71%

c.11.50%

d.12.29%

e.15.46%