Coaster's has a cost of equity of 15.4 percent, a return on assets of 10.2 percent, and a cost of debt of 7.3 percent. There are no taxes. What is the firm's weighted average cost of capital?
A) 7.30 percent
B) 10.20 percent
C) 10.97 percent
D) 15.40 percent
E) Cannot be determined from the information provided.

Question

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The Answer of Coaster's has a cost of equity of 15.4 percent, a return on assets of 10.2 percent, and a cost of debt of 7.3 percent. There are no taxes. What is the firm's weighted average cost of capital?
A) 7.30 percent
B) 10.20 percent
C) 10.97 percent
D) 15.40 percent
E) Cannot be determined from the information provided.

Coaster's Has a Cost of Equity of 15