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The current return on the JSE All Share Index is 15.45% and the yield on long-term government bonds is 7%. Aveng Ltd has beta of

The current return on the JSE All Share Index is 15.45% and the yield on long-term government bonds is 7%. Aveng Ltd has beta of 1.6 and a target debt to equity ratio of 30%. The yield on the company's debt is 9%. The company tax rate is 28%. What is the company's weighted average cost of capital? A. 16.31% B. 17.28% C. 17.86% D. 17.06%

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