Boulder Corp. desires a WACC of 9.96 percent. The firm has an after-tax cost of debt of 4.81 percent and a cost of equity of 15.1 percent. What should be the weights for debt and equity financing, respectively to achieve its targeted WACC if the applicable tax-rate is 24%?

Group of answer choices

A. 62%; 38%

B. Not enough information

C. 69%; 31%

D. 46%; 54%

E. 50%; 50%