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Generic Health Services has a target capital structure of 30 percent debt and 70 percent equity. Its cost of debt estimate is 10 percent, and

Generic Health Services has a target capital structure of 30 percent debt and 70 percent equity. Its cost of debt estimate is 10 percent, and its cost of equity estimate is 16 percent. It pays federal, state, and local taxes at a 30 percent marginal rate. What is the firms corporate cost of capital? Group of answer choices 12.1 percent 12.5 percent 13.3 percent 13.8 percent 14.0 percent

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