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Pfizer's current pre-tax WACC is 14%, its debt-to-value ratio is 0.5 and its corporate tax rate is 35%. Investors always hold Pfizer's stock in retirement

  1. Pfizer's current pre-tax WACC is 14%, its debt-to-value ratio is 0.5 and its corporate tax rate is 35%. Investors always hold Pfizer's stock in retirement accounts that are free from personal taxes. Pfizer's after-tax WACC is closest to:
  2. A) 13.0%
  3. B) 10.4% C) 12.8% D) 15.0%

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