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Question 47 (4 points) General Electric (GE) has debt valued at 287.00 billion on its balance sheet, while the market value of its common stock

Question 47 (4 points) General Electric (GE) has debt valued at 287.00 billion on its balance sheet, while the market value of its common stock is roughly 321.00 billion. If the yield to maturity on the debt is 5.75%, and the cost of equity for the firm is 10.00%, find the WACC for GE if the tax rate for the firm is 34.00%. 6.54% 8.54% 7.87% 7.07%

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