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Jack's Construction Co. has 100,000 bonds outstanding that are selling at par value. The bonds yleld 10.2 percent. The company also has 4.7 million shares

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Jack's Construction Co. has 100,000 bonds outstanding that are selling at par value. The bonds yleld 10.2 percent. The company also has 4.7 million shares of common stock outstanding. The stock has a beta of 1.9 and sells for $55 a share. The U.S. Treasury bill is ylelding 6 percent and the market risk premium is 9 percent. Jack's tax rate is 35 percent. What is Jack's weighted average cost of capital? 18.51 percent 926 percent O 21.25 percent 14.81 percent 16.66 percent

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