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Take It All Away has a cost of equity of 1 1 . 1 7 percent, a pretax cost of debt of 5 . 3

Take It All Away has a cost of equity of 11.17 percent, a pretax cost of debt of 5.32 percent, and a tax rate of 21 percent. The company's capital structure consists of 65 percent debt on a book value basis, but debt is 31 percent of the company's value on a market value basis. What is the company's WACC?
Multiple Choice
8.11%
9.98%
13.52%
9.01%
9.36%

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