Echuca Cotton Company has a target debt equity ratio of 0.45. Its cost of equity is 10.3%, and its cost of debt is 6.4%. If the tax rate is 30%, what is the firms WACC, given Echuca, is operating under a classical tax system? = 100/145 x 10.3% + 45/145 x 6.4% x (1-30%) = 0.07103 + = x 100 = %