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A firm has debt market value of $5,000, equity market value of $16,000, a leveraged market value of $21,000, a cost of debt of 8%,

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A firm has debt market value of $5,000, equity market value of $16,000, a leveraged market value of $21,000, a cost of debt of 8%, a cost of equity of 12%, and a tax rate of 34%. What is the firm's weighted average cost of capital? Multiple Choice 7.29%. 7.94%. 8.87%. 10.40%. 11.05%

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