A firm has debt of $5,000,equity of $16,000,a cost of debt of 8 percent,a cost of equity of 12 percent,and a tax rate of 21 percent.What is the firm's weighted average cost of capital?
A)10.20 percent
B)9.94 percent
C)10.90 percent
D)10.65 percent
E)11.05 percent

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The Answer of A firm has debt of $5,000,equity of $16,000,a cost of debt of 8 percent,a cost of equity of 12 percent,and a tax rate of 21 percent.What is the firm's weighted average cost of capital?
A)10.20 percent
B)9.94 percent
C)10.90 percent
D)10.65 percent
E)11.05 percent

A Firm Has Debt of $5,000,equity of $16,000,a Cost of Debt