Assets Current assets Net plant, property, and equipment Total assets $ 38,000,000 101.000.000 $139,000,000 Liabilities and Equity Accounts payable $ 10,000,000 Accruals 9.000.000 Current liabilities $ 19,000,000 Long-term debt (40,000 bonds, $1,000 par value) 40.000.000 Total liabilities $ 59.000.000 Common stock (10,000,000 shares) 30,000,000 Retained earnings 50.000.000 Total shareholders fequity 80.000.000 Total liabilities and shareholders equity $139,000,000 The stock is currently selling for $15.95 per share, and its noncallable $1,000 par value, so-year, 7,95% bonds with semiannual payments are selling for $875.00. The beta is 1.25, the yield on a 6-month Treasury bill is 3.50%, and the yield on a 20-year "Treasury bond is 5-50%. The required return on the stock market is 11.50%, but the market has had an average annual return of 14.50% during the past 5 years. The firm's tax rate is 25% Refer to the data for the Collins Group What is the best estimate of the firm's WACC? a. 1142 b.12.13 11.08 0.11.774 1249