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8. Taylor's has a beta of .97 and a debt-to-equity ratio of 0 1L,3 percent, the tax rate is 34 percent and riskefrne 0.46. The

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8. Taylor's has a beta of .97 and a debt-to-equity ratio of 0 1L,3 percent, the tax rate is 34 percent and riskefrne 0.46. The market rate of return is percent, the tax rate is 34 percent and the risk-free rate is cost of debt is 6.4 percent What is the firm's WACC? tor debt is 64 peree harenheriakefiee mate is 22 percnt. The pretax :4.22% Debt ^ftertax cost of debt-u,4% x (1-34), cost of eadity: 2.2% a.-8.39%- b- 7:67% c.-8.16% d:-9.46% ie 18.88% . +0 (n

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