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Remains of the Day has a cost of equity of 1117 percent, a pretax cost of debt of 5.32 percent, and a tax rate of

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Remains of the Day has a cost of equity of 1117 percent, a pretax cost of debt of 5.32 percent, and a tax rate of 40 percent. The company's capital structure consists of 65 percent debt on a book value basis, but debt is 31 percent of the company's value on a market value basis What is the company's WACC? 9.36% 9.98% 13.52% 8.70% O 8.11%

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