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Upton umbrellas has a cost of equity of 11.9%, the YTM on the companies bonds is 6.4%, and the tax rate is 21%. The companies
Upton umbrellas has a cost of equity of 11.9%, the YTM on the companies bonds is 6.4%, and the tax rate is 21%. The companies bond sell for 103.5% of par. The debt has a book value of 417,000 and total assets have a book value of 955,000. if the market to book ratio is 2.83 times, what is the companies WACC
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