Rogot Instruments makes fine violins and cellos. It has $1.9 million in debt? outstanding, equity valued at $2.9 million and pays corporate income tax at rate 35%. Its cost of equity is 11% and its cost of debt is 8%.
a. What is? Rogot's pretax WACC?
b. What is? Rogot's (effective after-tax) WACC?
a. What is? Rogot's pretax WACC?
Rogot's pretax WACC is ?%. ? (Round to two decimal? places.)