Take It All Away has a cost of equity of 10.63 percent, a pretax cost of debt of 5.33 percent, and a tax rate of 35 percent. The company's capital structure consists of 71 percent debt on a book value basis, but debt is 31 percent of the company's value on a market value basis. What is the company's WACC?
- 7.58%
- 8.41%
- 9.59%
- 8.99%
- 11.67%