La Trobe Home Students Library Home This question is based on the following information: You are trying to estimate the intrinsic value of the shares of Flying High Ltd, a manufacturer of unmanned aerial vehicles, or drones. The company is headquartered in Melbourne, and sells its drones throughout Australia and New Zealand. It is a public company, but is not yet listed on the stock exchange. There are 20,000 shares outstanding. The required rate of return for equity is 19.96%. You have now received the firm's 2021 financial statements, which indicate that the after-tax cost of debt is 7.1% and the firm is financed 60% by debt. The corporate tax rate is 30%. What is the firm's Weighted Average Cost of Capital (WACC)? O a. 9.61% Ob 10.88% Oc 10.97% Od 12.24% of estion