Yellow Submarine, Co. has a cost of equity of 11.08 percent, a cost of debt...
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Yellow Submarine, Co. has a cost of equity of 11.08 percent, a cost of debt of 5.38 percent, and a tax rate of 21 percent. The company uses only debt and equity and the company's percentage of debt in its capital structure is 34 %. What is the company's WACC?
8.76%
12.97%
7.91%
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