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Skolits Corp. has a cost of equity of 11.7 percent and an aftertax cost of debt of 4.41 percent. The company's balance sheet lists long-term

Skolits Corp. has a cost of equity of 11.7 percent and an aftertax cost of debt of 4.41 percent. The company's balance sheet lists long-term debt of $335,000 and equity of $595,000. The company's bonds sell for 96.5 percent of par and the market-to-book ratio is 2.77 times. If the company's tax rate is 23 percent, what is the WACC? Multiple Choice 9.07% 9.71% 10.34% 11.16% 10.50%

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