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Upton Umbrellas has a cost of equity of 12.8 percent, the YTM on the company's bonds is 5.5 percent, and the tax rate is 35

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Upton Umbrellas has a cost of equity of 12.8 percent, the YTM on the company's bonds is 5.5 percent, and the tax rate is 35 percent. The company's bonds sell for 104.4 percent of par. The debt has a book value of $444,000 and total assets have a book value of $964,000. If the market-to-book ratio is 3.10 times, what is the company's WACC? Multiple Choice o o o o

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