. QUESTION 18 As a financial analyst you are comparing Alpha and Beta companies Alpha - Information from the Balance Sheet . Current Assets $2,000,000 Long Term Assets $7,000,000 . Current Liabilities $1,000,000 Long Term Liabilities $5,000,000 Shareholders Equity $3,000,000 Beta - Information Market Data Bonds Outstanding 3,000 units selling at $980 Common Stock Outstanding 260,000 shares selling at $23.40 Required If the after-tax cost of debt is 8% for both companies and the cost of equity is 12% which company has the highest WACC