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Houston Event Company s financing information: Loan $ 4 0 0 , 0 0 0 Interest Expenses / Year $ 1 8 , 6 0

Houston Event Companys financing information:
Loan $400,000 Interest Expenses /Year $18,600
Annual Net Income $106,000 Equity Partner Share 30%
Equity Invested $170,000 Tax Rate 20%
What is the WACC (Weighted Average of Cost of Capital) for Houston Event Company?
Group of answer choices
10.9%
10.1%
9.3%
8.2%

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