Speed City supplies helicopters to corporate clients. i (Click the icon to view additional information.) The company's results for 2017 are as follows: (Click the icon to view the data.) Read the requirements. i Data Table Requirement a. What is Speed City's weighted average cost of capital? Begin by determining the formula to calculate WACC. ( After tax cost of debt Market value of debt )+ Cost of equity Market value of equity) Market value of debt Market value of equity = WACC Operating Income Assets $ 1,950,000 $ 16,500,000 $ 2,500,000 12,000,000 Current Liabilities 2,100,000 4,000,000 (Enter the amount as a decimal. Round the WACC to five decimal places, in the format X.XXXXX.) New York Chicago The company's WACC is D . Print Done i More Info Speed City has two sources of funds: long-term debt with a market and book value of $31 million issued at an interest rate of 10% and equity capital that has a market value of $13 million (book value of $10 million). The cost of equity capital for Speed City is 16%, and its tax rate is 40%. Speed City has divisions in two cities that operate autonomously. Enter any number in the edit fields and 2 parts Print Done remaining Check