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The market capitalization of the equity of Apple Inc. is $2.03 trillion. The beta of the stock is 1.35. Risk-free rate is 1% and the

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The market capitalization of the equity of Apple Inc. is $2.03 trillion. The beta of the stock is 1.35. Risk-free rate is 1% and the market risk premium is 6%. Its outstanding debts are worth $122.3 billion. Suppose the average yield on debt is 3%, and the marginal tax rate is 21% for Apple. What is the WACC for Apple? . *8.72 % B. 8.75 % C.9,05 % D.9.99 %

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