Jungle Corporation's capital structure consists of 70% debt (with a pretax cost of 10%), and the balance of common equity (with a cost of 18%). The company's  income tax rate (federal and state combined), t, is 30%. Jungle's weighted-average cost of capital (WACC), to one decimal point, is:r
Multiple Choicer
9.1%.r
9.7%.r

10.3%r
12.1%.r
12.7%.