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11. A firm is funded with $200 million in debt and $600 million in equity. The YTM on the firm's bonds is 10%. The firm

11. A firm is funded with $200 million in debt and $600 million in equity. The YTM on the firm's bonds is 10%. The firm has a beta of 1.25. The risk free rate is 2% and the market risk premium is 12%. The firm's tax rate is 30% The weighted average cost of capital for the firm is: Less than 12% Between 12% and 13% Between 13% and 14% Between 14% and 15% Between 15% and 16% Greater than 16%

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