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Plasti-tech Inc. is financed 45% with equity and 55% with debt. Currently, its debt has a before-tax cost of 5.07%. Plasti-tech's common stock trades at

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Plasti-tech Inc. is financed 45% with equity and 55% with debt. Currently, its debt has a before-tax cost of 5.07%. Plasti-tech's common stock trades at $25 per share and its most recent dividend paid was $1.50. Future dividends are expected grow by 8%. If the tax rate is 40%, what is Plasti-tech's WACC? A. 11.1% B. 10.7% C. 9.34% D. 8.19% E. 8.02%

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