QUESTION $16$

Country Cook's cost of equity is $16\mathrm{.}2\%$ and its after tax cost of debt is $5\mathrm{.}8\%.$ What is the firm's weighted average cost of capital if its debt$-$equity ratio is $42($debt $/$ equity$)?$

a$.13\mathrm{.}01\%$

b$.12\mathrm{.}54\%$

c$.11\mathrm{.}47\%$

d$.13\mathrm{.}12\%$

e$.12\mathrm{.}28\%$