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Part 5 . Charlotte's Crochet Shoppe has 1 3 , 7 0 0 shares of common stock outstanding at a price per share of $

Part 5.
Charlotte's Crochet Shoppe has 13,700 shares of common stock outstanding at a price per share of $73 and a rate of return of 11.53%. The company also has 260 bonds outstanding, with a par value of $2,000 per bond. The pretax cost of debt is 6.09% and the bonds sell for $966. Calculate the firm's WACC if the tax rate is 21 percent.
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