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Cinco De Mayo has a target debt-equity ratio of 0.51. (Hint: if you're not sure what to do about debt-equity ratio, watch my YouTube video

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Cinco De Mayo has a target debt-equity ratio of 0.51. (Hint: if you're not sure what to do about "debt-equity ratio", watch my YouTube video on that topic, which you can also find in this week's folder on Blackboard! The yield to maturity on its bonds is 11 percent. Its cost of equity is 19 percent. The corporate income tax rate is 32 percent. Calculate the WACC for this company. Multiple Choice 14.35% 11.37% 13.12% 15.11% 15.86%

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