Answer:
Cost of debt after tax = (9)(1 – tax rate)
= (9) (1 –0.21)
= 7.11%
WACC = Respective cost x Respective weight
= (0.35)(14) + (0.16)(10) +(0.49)(7.11)
= 9.9839%
= 9.98% (Approx.)
Explanation: Referred to the solution above
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