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Take It All Away has a cost of equity of 1 1 . 1 4 percent, a pretax cost of debt of 5 . 3

Take It All Away has a cost of equity of 11.14 percent, a pretax cost of debt of 5.34 percent, and a tax rate of 21 percent. The company's capital structure consists of 66 percent debt on a book value basis, but debt is 32 percent of the company's value on a market value basis. What is the company's WACC?
Multiple Choice
8.86%
8.93%
9.90%
9.28%
13.35%

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