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Skolits Corporation has a cost of equity of 1 1 . 2 percent and an aftertax cost of debt of 4 . 6 2 percent.

Skolits Corporation has a cost of equity of 11.2 percent and an aftertax cost of debt of 4.62 percent. The company's balance sheet lists long-term debt of $370,000 and equity of $630,000. The company's bonds sell for 105.3 percent of par and the market-to-book ratio is 2.98 times. If the company's tax rate is 25 percent, what is the WACC?

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