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Question 7 5 pts Mole Rat Corp. has common stock with current market value $2.47 billion and current book value $1.56 billion. Its book value
Question 7 5 pts Mole Rat Corp. has common stock with current market value $2.47 billion and current book value $1.56 billion. Its book value of debt is $0.64 billion, and its market value of debt is $0.77 billion. The debt has required return of 8.1%, and the common stock has required return of 13.2% and a dividend yield of 3.7%. There are no taxes. What is Mole Rat's WACC? Enter a number correct to two digits after the decimal, e.g., 9.84 for 9.84%
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