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Plasti-tech Inc. is financed 60% with equity and 40% with debt. Currently, its debt has a before-tax interest rate of 12%. Plasti-tech's common stock trades

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Plasti-tech Inc. is financed 60% with equity and 40% with debt. Currently, its debt has a before-tax interest rate of 12%. Plasti-tech's common stock trades at $15 per share and its most recent dividend was $1.00. Future dividends are expected grow by 4%. If the tax rate is 34%. what is Piasti-tech's WaCC? Multiple Choice 973% 7.39% 11.20% 9.57%

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