Suppose Cowles Corp.'s market value of debt is $10,000,000 and it has 1,200,000 shares selling at $15 per share. What is the WACC if the cost of debt is 6% and the expected rate of return on the stock is 15.9%, given the marginal tax rate is 21%? What is the opportunity cost of capital? (WACC, opportunity cost of capital)

(10.53%, 11.14%)

(10.99%, 11.36%)

(11.32%, 12.13%)

(11.84%, 12.46%)

(12.45%,13.79%)