Skolits Corporation has a cost of equity of 10.5 percent and an aftertax cost of debt of 4.05 percent. The company's balance sheet lists long-term debt of $275,000 and equity of $535,000. The company's bonds sell for 94.1 percent of par and market-to-book ratio is 2.41 times. If the company's tax rate is 21 percent, what is the WACC? Multiple Choice 9.42% 10.01% 9.19% 8.31%

Skolits Corporation has a cost of equity of 10.5 percent and an aftertax cost of debt of 4.05 percent. The company's balance sheet lists long-term debt of $275,000 and equity of $535,000. The company's bonds sell for 94.1 percent of par and market-to-book ratio is 2.41 times. If the company's tax rate is 21 percent, what is the WACC? Multiple Choice 942% 10018 9195 8. 31%