Question 4 4 pts = EEC uses debt and common equity. It can borrow unlimited amount at rd = 9.5% as long as it finances at its target capital structure - 30% debt and 70% common equity. Its last common stock dividend was $1.50 and expected to grow at a constant rate of 6%. EEC's common stock is selling for $18 per share; its tax rate is 25%. Estimate EEC's WACC. 12.52% 14.33% 12.17% 13.65% 13.25%