Question: Please show work and explain how you got the answer. Thank you SIROM Scientific Solutions has $10 million of outstanding equity and $5 million of

Please show work and explain how you got the answer. Thank you

SIROM Scientific Solutions has $10 million of outstanding equity and $5 million of bank debt. The bank debt costs 5% per year. The estimated equity beta is 2 . If the market risk premium is 9% and the risk-free rate is 3%, compute the weighted average cost of capital if the firm's tax rate is 30%. 15.93%17.44%16.68%15.17%

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