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The Five and Dime Store has a cost ........(see in the pic) 29. The Five and Dime Store has a cost of equity of 15.8

The Five and Dime Store has a cost ........(see in the pic) image text in transcribed
29. The Five and Dime Store has a cost of equity of 15.8 percent,a pretax cost of debt of 7.7 percent, and a tax rate of 35 percent. What is the firms weighted average cost of Capital if the debt-equity ratio is 0.40? (Hint: Debt-equity ratio is given. It can help to calculate the weight of debt and the weight of equity) A. 10.18 percent B. 11.72 percent C. 12.72 percent D. 13.49 percent E. 14.93 percent

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