TAFKAP Industries has 8 million shares of stock outstanding selling at $17 per share and an issue of $20 million in 7.5%, annual coupon bonds with a maturity of 15 years, selling at 109% of par ($1000). If TAFKAP's weighted average tax rate is 34% and its cost of equity is 12.5%, what is TAFKAP's WACC?
A) 11.02%
B) 11.37%
C) 12.16%
D) 12.83%

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The Answer of TAFKAP Industries has 8 million shares of stock outstanding selling at $17 per share and an issue of $20 million in 7.5%, annual coupon bonds with a maturity of 15 years, selling at 109% of par ($1000). If TAFKAP's weighted average tax rate is 34% and its cost of equity is 12.5%, what is TAFKAP's WACC?
A) 11.02%
B) 11.37%
C) 12.16%
D) 12.83%

TAFKAP Industries Has 8 Million Shares of Stock Outstanding Selling