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Skolits Corp. has a cost of equity of 11.6 percent and an aftertax cost of debt of 4.5 percent. The company's balance sheet lists long-term

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Skolits Corp. has a cost of equity of 11.6 percent and an aftertax cost of debt of 4.5 percent. The company's balance sheet lists long-term debt of $350,000 and equity of $610,000. The company's bonds sell for 104.5 percent of par and market-to-book ratio is 2.86 times. If the company's tax rate is 35 percent, what is the WACC? Multiple Choice 0 11.02% 0 10.10% 0 9.01% 0 10.37% 0 9.55%

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