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Sam Products Company (SPC) uses only debt and equity. It can borrow unlimited amounts at an interest rate of 10% so long as it finances

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Sam Products Company (SPC) uses only debt and equity. It can borrow unlimited amounts at an interest rate of 10% so long as it finances at its target capital structure, which calls for 40% debt and 60% common equity. Its last dividend was $2.00, its expected constant growth rate is 5%, and its stock sells for $25. SPC's tax rate is 30%. Given this information, what is SPC's WACC 10.00% 10.84% O 12,55% 11.24%

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