Upton Umbrellas has a cost of equity of $12\mathrm{.}3$ percent, the YTM on the company's bonds is $6$

percent, and the tax rate is $39$ percent. The company's bonds sell for $103\mathrm{.}9$ percent of par.

The debt has a book value of $$429,000$ and total assets have a book value of $$959,000.$ If the

market$-$to$-$book ratio is $2\mathrm{.}95$ times, what is the company's WACC?

A$)10\mathrm{.}09\%$

B$)5\mathrm{.}58\%$

C$)8\mathrm{.}35\%$

D$)10\mathrm{.}38\%$

E$)8\mathrm{.}50\%$

Take It All Away has a cost of equity of $11\mathrm{.}17$ percent, a pretax cost of debt of $5\mathrm{.}32$ 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?

A$)8\mathrm{.}70\%$

B$)8\mathrm{.}11\%$

C$)9\mathrm{.}36\%$

D$)9\mathrm{.}98\%$

E$)13\mathrm{.}52\%$