The firm can borrow at $12\mathrm{.}5$ percent; firm's target debt to equity ratio is $1\mathrm{.}5.$ The corporate

tax rate is $21\%,$ and the risk$-$free rate is $4$ percent and the market risk premium is $9\mathrm{.}2$

percent. The firm has a beta of $2\mathrm{.}11.$ What is the weighted average cost of capital? Ans.:

WACC $=\%$

$14\mathrm{.}31$

$15\mathrm{.}29$

$15\mathrm{.}92$

$14\mathrm{.}13$