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ABC Corporation has 1.9 million shares of stock outstanding. The stock currently sells for $44 per share. The firm's debt is publicly traded and was

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ABC Corporation has 1.9 million shares of stock outstanding. The stock currently sells for $44 per share. The firm's debt is publicly traded and was recently quoted at 93 percent of its face value. It has a total face value of $9 million, and it is currently priced to yield 10 percent. The risk-free rate is 4 percent, and the market risk premium is 8 percent. You've estimated that ABC has a beta of 1.5. If the corporate tax rate is 25 percent, what is the WACC of ABC Corporation? 16.48% 15.01% 16.1196 15.2396 14.97%

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