Tiffany & Co. (TIF) has a current stock price of $134. It also has 121 million shares outstanding and the market value of debt is $1,058 million. The company's equity beta is 1.61. Its tax rate is 21%. Assume that the risk-free rate is 3% and the market return is 10%. The company's cost of debt is 4%. Compute the weighted average cost of capital (WACC) for TIF. T T T Arial - 3(12pt) - T . E . 35 Path:p Words:0