Given the following information of Firm ABC Debt value: $15,000. Debt information: Loan amount: \$200,000. 10 years to pay off the loan. Loan is paid back quarterly. Quarterly payment to the bank: 7500 Equity value: $25,000. Equity information: most recent earrings per share (EPS), \$3.00/share; Dividend Payout Ratio (DPR), 60%; Return on Equity (ROE), 10\%; the fair value of the equity, $8.00/ share Assume the company's tax rate is 40%. Calculate the WACC for this firm. hint: you need to calculate the cost of equity from the dividend discount model Note: if none of the following answers match your calculation, choose the closest answer. 32.19% 20.73% 19.06% 14.11%