At present the firm's common stock is selling for a price equal to its book value, and the firm's bonds are selling at par. Binford's managers estimate that the market requires a 18% return on its common stock, the firm's bonds command a yield to maturity of 8% , and the firm's faces a tax rate of 36%. what is Binford's weighted average cost of capital?

B htps/www.mathod.com/stacdent/PlayerHomework.aspxithomeworkid-517969368eiquestionld-18fushed-falsescld-5377635scenterwin-yer FINA 3103-201 Principles of Finance (Spring 2019) Homework: HW 12 (Cost of Capital) Dominique Hall 4/14/19 3:05 PM Save HW Score: 59.65%, 34 of 57 pts 10 of 18 (13 complete) Score: 0 of 10 pts = Question Hel Instructor-created question Cash Accounts receivable Inventorns Net property. plant, and equipment Total assets S 590,000 3,760,000 7,200,000 18,295,000 29845,000 Long -lerm debt Common equity Total debt and equity 10,250,000 19,595000 S 29,845,000 EBnford's managers estimate that the market requres a 18 percent return on its common stock, the firm's bonds command a yield to maturity of 8 percent, and the firm faces a tax rate of 36 po rent What s B ford wegneed average cost of captai % Ro d io tw dean pa Enter your answer in the answer box and then click Check Answer All parts showing Clear All Final Check O Type here to search 14/2019d