Market Price	$30	$110	$955
Outstanding units	1120,000	10,000	6,000
Book value	3,000,000	1,000,000	6,000,000
Cost of capital	15.00%	12.00%	9.0%

Clark Explorers, Inc., an engineering firm, has the following capital structure:

LOADING...

. Using market value and book value (separately, of course), find the adjusted WACC for Clark Explorers at the following tax rates:a.

35%

b.

25%

c.

15%

d.

5%

a.What is the market value adjusted WACC for Clark Explorers at a tax rate of

35%?

nothing%

(Round to two decimal places.)