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Currently, Meyers Manufacturing Enterprises ( MME ) has a capital structure consisting of 3 5 % debt and 6 5 % equity. MME's debt currently

Currently, Meyers Manufacturing Enterprises (MME) has a capital structure consisting of 35% debt and 65% equity. MME's debt currently has a 6.7% yield to maturity. The risk-free rate (rRF) is 4.7%, and the market risk premium (rM rRF) is 5.7%. Using the CAPM, MME estimates that its cost of equity is currently 10.9%. The company has a 25% tax rate.
a. What is MME's current WACC?

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