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Fleetwood Mac (FM) uses only debt and equity in its capital structure. The value of FM's debt is $7,650,000 and the value of FM 's

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Fleetwood Mac (FM) uses only debt and equity in its capital structure. The value of FM's debt is $7,650,000 and the value of FM 's equity is $14,300,000. FM's bonds are curtently selling for $950, mature in 12 years, and haye an annualcoopon rate of 8%. FMs beta tis 15 , the risk free rote is 6%, nrid the market retirm is 14% FM has a tax rate of 25% What is FMs WACC? Mutiple Choice 112k 14DW tax

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