Sample Test Problem 13.01 Sandhill and Telecommunications Corporation has three divisions. The names of these divisions, along with the after-tax cost of capital for each division and the market value of the assets in each division, are as follows: Cost of Capital Division Name Infrastructure development 8.05 MV of Assets $230,000,000 $299,000,000 $621,000,000 Power 7.00 7.60 Telecommunications What is the overall after-tax cost of capital for Sandhill and Telecommunications? (Round answer to 2 decimal places, e.g. 52.75%.) After-tax cost of capital