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Upton Umbrellas has a cost of equity of 109 percent, the YTM on the company's bonds is 55 percent, and the tax rate is 21

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Upton Umbrellas has a cost of equity of 109 percent, the YTM on the company's bonds is 55 percent, and the tax rate is 21 percent. The company's bonds sell for 929 percent of par The debt has a book value of \\( \\$ 387,000 \\) and toal assets have a book value of \\( \\$ 945,000 \\). If the market-to book tatio is 253 times, what is the company's WACC? Multuple Choice \912 \4.89 \95 nos \\( 794 x \\)

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