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You are assigned to calculate the Weighted - Average - Cost - of - Capital ( WACC ) for your firm. There are 2 0

You are assigned to calculate the Weighted-Average-Cost-of-Capital (WACC) for your firm. There are 20,750,000 shares of stock outstanding, which are currently trading for $89.10 per share. The firm has 685,000 coupon bonds outstanding that are selling for $1,050. You estimate that the shareholders require a return of 8.50%, and the bondholders demand 5.25%. The firms marginal tax rate is the statutory 21%. What is the WACC of the enterprise?
Group of answer choices
7.64%
6.00%
7.28%
7.14%
7.59%

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