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Apple. has a cost of equity of 11.4 percent and an aftertax cost of debt of 4.56 percent. The company's balance sheet lists long-term debt

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Apple. has a cost of equity of 11.4 percent and an aftertax cost of debt of 4.56 percent. The company's balance sheet lists long-term debt of $360,000 and equity of $620,000. The company's bonds sell for 104.9 percent of par and market-to-book ratio is 2.92 times. If the company's tax rate is 40 percent, what is the WACC? Multiple Choice 9.40% O 10.22% 9.90% O 10.86% O O O 8.89%

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