Is the statement true or false?

Problem 14-7 (algorithmic) Sunrise Manufacturing. E Question Help 50.000.000 its Inc. Sunrise Manufacturing, Inc. aus. multinational company, has the debt componen in its consolidated capitalsedion. surrises shareholders equity is Sunrise's weighted snance stan essmates cost ofequity following ts Income taxes are 40% around the world aner alowing for aedts. Calculate average to be 190% current exchange rates are also listed in the table. cost of capital Are any assumptions implicit in your caloulation? What is Sunrise's weighted average cost of capital? 1075% (Round to two decimal places) This calculation assumes there is no expected change in the exchange rate over the ieof the debt issue. Is the above statement true or false? (Select from the drop-down menu Click to select your answerts) and then clck Check Answer. All parts showing