TechBlend" primarily sells technology gadgets and recently expanded its product line to include smart home devices. TechBlend is now looking to determine the weighted average cost of capital (WACC) for its smart home division. The firm faces a tax rate of 29% and plans to finance the new smart home division with a Debt to Equity ratio of 0.25. Here are the relevant financial data: Pre-tax cost of debt: 8.3% . Risk-free rate: 4.0% Expected market return: 14.7% Equity beta: 1.3 You have also gathered the following information: TechGadget Solutions GizmoTech Products SmartHome Innovations Equity Beta Debt-to-Equity % 1.2 1.3 1.7 25.0 30.0 25.0