Hee Won Couture has an all$-$equity capital structure with an equity value of $$238,600.$ The expected earnings are $$52,400$ based on estimated sales of $$300,000.$ The firm pays no taxes and can borrow at $6\mathrm{.}7$ percent. What is the value of $R_{\text{W}\text{A}\text{C}\text{C}}?$

Multiple Choice

$21\mathrm{.}96\%$

$17\mathrm{.}47\%$

$35\mathrm{.}11\%$

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