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The stock of Rask Corp. has a beta of 2.2, treasury bills yield 3.5%, and the market portfolio offers an expected return of 15%. In

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The stock of Rask Corp. has a beta of 2.2, treasury bills yield 3.5%, and the market portfolio offers an expected return of 15%. In addition to equity, Rask finances 50% of its assets with debt that has a yield to maturity of 11%. The firm is in the 40% marginal tax bracket. Given this information, what is Rask's weighted-average cost of capital (WACC)? 28.60% 14.14% 17.70% 19.90%

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