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Skolits Corporation has a cost of equity of 11.6 percent and an aftertax cost of debt of 4 38 percent. The company's balance sheet lists

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Skolits Corporation has a cost of equity of 11.6 percent and an aftertax cost of debt of 4 38 percent. The company's balance sheet lists long-term debt of $330.000 and equity of $590,000. The company's bonds sell for 96.3 percent of par and market-to-book ratio is 2.74 times. If the company's tax rate is 21 percent, what is the WACC? Multiple Choice 9.57 9.01% 0 10.47% 2013

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