8. Taylor's has a beta o f 0.97 and a debt-to-equity ratio of 0.46. The market rate of return is 11.3 percent, the tax rate is 34 percent, and the risk-free rate is 2.2 percent. T cost of debt is 6.4 percent. What is the firm's WACC? a:-8.39%- b.-7:67% d:-9.46% 9. You are writing a comparison of an all-equity structure to a levered capital structure for a firm. It is accurate to state in this comparison that a-earnings per share wit-always be higher in the all-equity structure. b. firms-will enty-seleet the levered structure when individual rates on borrowed finds-are lower than corporate rates. e leverage lowers shareholders returns in bad finaneial times: d-the at-equity firm-has a greater advantage the higher the firm's earnings before interest e teverage improves shareholders' returns regardless of the firm's level of earnings. 10. Leisure Vacations is an unlevered firm with aftertax cash flows of $57.980, a cost of capital of 13.2 percent, and a tax rate of 35 percent What is the value of this firm? a. $285,507.58 b. $318,906.15 c. $401,008.47 d. $439,242.42 e:--$368.511.12