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WACC? Return to question 2 The total book value of WTC's equity is $13 million, and book value per share is $20. The stock has

WACC?

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Return to question 2 The total book value of WTC's equity is $13 million, and book value per share is $20. The stock has a market-to-book ratio of 1.5, and the cost of equity is 9%. The firm's bonds have a face value of $9 million and sell at a price of 110% of face value. The yield to maturity on the bonds is 6%, and the firm's tax rate is 21%. What is the company's WACC? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) 2.27 points Answer is complete but not entirely correct. WACC 11.07 x %

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