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Ronnie's Comics has found that its cost of common equity capital is 14 percent and its cost of debt capital (YTM) is 8 percent The

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Ronnie's Comics has found that its cost of common equity capital is 14 percent and its cost of debt capital (YTM) is 8 percent The firm is financed with $350,000,000 of common shares (market value) and $650,000,000 of debt. What is the after-tax weighted average cost of capital for Ronnie's, if it is subject to a 35 percent marginal tax rate? (Round to two decimal places) 7.59% 9.24% 6.37% O 8.28%

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