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Becky Thatcher owns all of the debt (market value $150 million) and all of the equity (market value $150 million) of Muddy Gap Regional Airport,

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Becky Thatcher owns all of the debt (market value $150 million) and all of the equity (market value $150 million) of Muddy Gap Regional Airport, Inc., a company that pays no income taxes. The required return on debt is 5% and on equity it is 11%. If she makes the company all equity, what will be the WACC? 6% 8% 7% 9%

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