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Charlotte's Crochet Shoppe has 15,800 shares of common stock outstanding at a price per share of $80 and a rate of return of 11.81 percent.

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Charlotte's Crochet Shoppe has 15,800 shares of common stock outstanding at a price per share of $80 and a rate of return of 11.81 percent. The company also has 330 bonds outstanding, with a par value of $2,000 per bond. The pretex cost of debt is 6.23 pcent and the bonds sell for 987 percent of par. What is the firm's WACC if the tax rate is 21 percent? Multiple Choice 1034 o 9.91 8.59 O 0474 8.75%

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