Answer within 20 minutes. Answer must be correct. After check if answer is correct. I will give you 2

Let's assume, for a firm Tobias Corporation, the shareholders' expected rate of return is 14%, the market value of its liabilities is 0.5 million, and its cost of debt is 1.2 million, market value of the firm's equity is 3 million and Tobias is taxed at 33.5 %. Find out this firm's weighted average cost of capital and briefly write down what it means for the firm