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Alton Enterprises has an after-tax cost of debt of 3.85%. Your online investigation reveals that the company has a beta of 0.90. Assume that the

Alton Enterprises has an after-tax cost of debt of 3.85%. Your online investigation reveals that the company has a beta of 0.90. Assume that the risk free rate in 2017 is 3.0% and an appropriate spread of equities over the risk-free rate is 3.5%. The company has 60% of its capitalization from equity.

Calculate the companys weighted average cost of capital for 2017.

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