A firm requires an investment of $100,000,financed with $60,000 of equity and the remainder with debt.If the return on equity is 12%,the cost of debt is 4% and the tax rate is 35%,what is the firm's WACC?
A)6.64%
B)7.20%
C)7.96%
D)8.24%
E)8.80%

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The Answer of A firm requires an investment of $100,000,financed with $60,000 of equity and the remainder with debt.If the return on equity is 12%,the cost of debt is 4% and the tax rate is 35%,what is the firm's WACC?
A)6.64%
B)7.20%
C)7.96%
D)8.24%
E)8.80%

A Firm Requires an Investment of $100,000,financed with $60,000 of Equity