Question: Hi I received the below test question as wrong and am trying to understand how to identify the correct answer in excel. The Black Bird

Hi I received the below test question as wrong and am trying to understand how to identify the correct answer in excel. The Black Bird Company plans an expansion. The expansion is to be financed by selling $128 million in new debt and $165 million in new common stock. The before-tax required rate of return on debt is 5.76% percent and the required rate of return on equity is 15.74% percent. If the company is in the 34 percent tax bracket, what is the weighted average cost of capital?

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