A firm has a target debt$-$equity ratio of $0\mathrm{.}6.$ Its cost of equity is $12\%$ and its cost of debt is $8\%.$ If the marginal tax rate for the firm is $21\%,$ what is the firm$$s WACC?

Question $3$Answer

a$.$

$14\mathrm{.}82\%$

b$.$

$11\mathrm{.}06\%$

c$.$

$9\mathrm{.}87\%$

d$.$

$8\mathrm{.}59\%$