Question 9 2 pts Your company has a debt to equity breakdown of 50% debt and 50% equity, $1,000,000 for both debt and equity. The interest rate on the debt is 7% and the tax rate is 30%. The cost of the equity is 12%. Which of the following is higher? You may want to refer to the formulas below in order before you answer. WACC - [%Debt (Cost of Debt)] + [%Equity (Cost of Equity)] OR WACC = (1-t)KoD+KE D+E Cost of debt and cost of equity are the same. Cost of equity Cost of debt