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Skolits Corporation has a cost of equity of 11.3 percent and an aftertax cost of debt of 4.59 percent. The company's balance sheet lists long-term
Skolits Corporation has a cost of equity of 11.3 percent and an aftertax cost of debt of 4.59 percent. The company's balance sheet lists long-term debt of $365,000 and equity of $625,000. The company's bonds sell for 105.1 percent of par and market- to-book ratio is 2.95 times. If the company's tax rate is 21 percent, what is the WACC
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