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Upton Umbrellas has a cost of equity of 11.2 percent, the YTM on the company's bonds is 5.8 percent, and the tax rate is 21

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Upton Umbrellas has a cost of equity of 11.2 percent, the YTM on the company's bonds is 5.8 percent, and the tax rate is 21 percent. The compary's bonds sell for 93.2 percent of par. The debt has a book value of $396.000 and botal assets have a book value of $948,000. If the maket-to-book ratio is 2.62 times. What is the company's WACC? Mufigle choice 9 sis 2 5 sor. atre

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