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Please show work, formula, and calculations. 13) Plasti-tech Inc. is financed 60% with equity and 40% with debt. Currently, its debt has a pretax interest

Please show work, formula, and calculations.

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13) Plasti-tech Inc. is financed 60% with equity and 40% with debt. Currently, its debt has a pretax interest rate of 12%. Plasti-tech's common stock trades at $15.00 per share and its most recent dividend was $1.00. Future dividends are expected grow by 4%. If the tax rate is 21%, what is Plasti-tech's WACC? A) 11.20% B) 7.39% C) 10.35% D) 9.57%

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