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Yellow Submarine, Co. has a cost of equity of 10.99 percent, a cost of debt of 5.44 percent, and a tax rate of 21 percent.

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Yellow Submarine, Co. has a cost of equity of 10.99 percent, a cost of debt of 5.44 percent, and a tax rate of 21 percent. The company uses only debt and equity and the company's percentage of debt in its capital structure is 37%. What is the company's WACC? Muitiple Choice 12.31% 7.515 8.94% 851%

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