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The market value of Beach Store's assets is $155,000. The market value of its debt is $55,000. It has a cost of equity of 14.4

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The market value of Beach Store's assets is $155,000. The market value of its debt is $55,000. It has a cost of equity of 14.4 percent, a pre-tax cost of debt of 8.7 percent, and an applicable tax rate of 34 percent. What is Beach Store's WACC? 1) 12.13% 2) 10.28% 3) 10.65% 4) 11.33% 5) 9.63%

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