Apple. has a cost of equity of 10.9 percent and an aftertax cost of debt of 4.17 percent. The company's balance sheet lists long-term debt of $295,000 and equity of $555,000. The company's bonds sell for 94.9 percent of par and market to-book ratio is 2.53 times. If the company's tax rate is 39 percent, what is the WACC? Multiple Choice 8.56% 9.78% 10.39% Multiple Choice O 8.56% 9.78% 10.39% 9.51 You've worked out a line of credit arrangement that allows you to borrow up to $50 million at any time. The interest rate is 50 percent per month. In addition, 4 percent of the amount that you borrow must be deposited in a non-interest-bearing account. Assume that your bank uses compound interest on its line of credit loans. a. What is the effective annual interest rate on this lending arrangement? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b. Suppose you need $20 million today and you repay it in 6 months. How much interest will you pay? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) % a. Annual interest rate Interest paid b