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3 6 Question 7 (1 point) Jonkin & Co's before tax cost of debt is...

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3 6 Question 7 (1 point) Jonkin & Co's before tax cost of debt is 9%, its marginal tax rate is 34%, and its cost of equity is 15%. The company's stock sells at book value and it has just published its most recent balance sheet below. Calculate Jonkin's Weighted Average Cost of Capital (WACC). Assets Liabilities & Equity Cash $120 Accounts Recevable 240 LIT Debt $1.152 Net Fixed Assets 2160 Common Equity 1728 Total Assets $2,880 Total Liab & Equity $2.880 9 (Enter your answer as a percentage to the nearest basis point (l.e. 20.5% would be entered as 20.50). Do not use the percent symbol.) Your

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