Precision Cuts has a target debt-equity ratio of .48. Its cost of equity is 16.4%, and its pretax cost of debt is 8.2%. If the tax rate is 34%, what is the company’s WACC?

Precision Cuts has a target debt-equity ratio of .48. Its cost of equity is 16.4%, and its pretax cost of debt is 8.2%. If the tax rate is 34%, what is the company’s WACC?

Precision Cuts has a target debt-equity ratio of .48. Its cost of equity is 16.4%, and its pretax cost of debt is 8.2%. If the tax rate is 34%, what is the company’s WACC?