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Take It All Away has a cost of equity of 1 1 . 0 8 percent, a pretax cost of debt of 5 . 3

Take It All Away has a cost of equity of 11.08 percent, a pretax cost of debt of 5.38 percent, and a tax rate of 39 percent. The company's capital structure consists of 68 percent debt on a book value basis, but debt is 34 percent of the company's value on a market value basis. What is the company's WACC?
Multiple Choice
9.14%
8.43%
12.97%
7.91%
9.75%

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