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23. Home Dcor Group's unlevered cost of capital is 10.8 percent, its expected earnings before interest and taxes is $14,320 and its tax rate is

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23. Home Dcor Group's unlevered cost of capital is 10.8 percent, its expected earnings before interest and taxes is $14,320 and its tax rate is 21 percent. The company has debt with both a book and a face value of $12,500. This debt has a coupon rate of 7.6 percent and pays interest annually. What is the weighted average cost of capital? A. 12.48 percent B. 11.36 percent C. 9.87 percent D. 10.53 percent E. None of the above

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