Problem Set 2 Back to Assignment Attempts 0 Keep the Highest 0/1 4. Problem 9-08 (WACC) eBook Problem Welle-Through WACC David Ortiz Motors has a target capital structure of 40% debt and 60% equity. The yield to maturity on the company's outstanding bonds is 9%, and the company's tax rate is 25% Ortiz's CFO has calculated the company's wace as 11.4%. What is the company's cost of equity capital? Round your answer to the nearest whole number % Grade It Now Save & Continue Continue without saving