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The firm's tax rate is 3 4 percent. The firm's pre - tax cost of debt is 8 percent; the firm's debt - to -

The firm's tax rate is 34 percent. The firm's pre-tax cost of debt is 8 percent; the firm's debt-to-equity ratio is 3; the risk-free rate is 3 percent; the beta of the firm's common stock is 1.5; the market risk premium is 9 percent. Calculate the weighted average cost of capital.
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33.33 percent
8.09 percent
9.02 percent
16.5 percent

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