Take It All Away has a cost of equity of 10.96 percent, a pretax cost of debt of 5.46 percent, and a tax rate of 21 percent. The company's capital structure consists of 72 percent debt on a book value basis, but debt is 38 percent of the company's value on a market value basis. What is the company's WACC?

Take It All Away has a cost of equity of 10.96 percent, a pretax cost of debt of 5.46 percent, and a tax rate of 21 percent. The company's capital structure consists of 72 percent debt on a book value basis, but debt is 38 percent of the company's value on a market value basis. What is the company's WACC? Multiple Choice O 12.06% 9.46% O 8.87% O 7.24% O 8.43%