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EEC uses debt and common equity. It can borrow unlimited amount at rd - 8.5% as long as it finances at its target capital structure

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EEC uses debt and common equity. It can borrow unlimited amount at rd - 8.5% as long as it finances at its target capital structure - 25% debt and -75% common equity. Its last common stock dividend was $1.60 and expected to grow at a constant rate of 6%. EEC's. EEC's common stock is selling for $19 per share; its tax rate is 25%. Estimate EEC's WACC. O 14.42% O 12.41% 13.63% O 13.15% O 12.79%

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