Question: please use excel to answer Question 8 10 pts Clark Landscaping Corporation has 40% debt and 60% common equity as its target capital structure. Its

please use excel to answer Question 8 10 pts Clark Landscaping Corporation please use excel to answer

Question 8 10 pts Clark Landscaping Corporation has 40% debt and 60% common equity as its target capital structure. Its cost of debt before tax is 11%. The beta of the company is 1.3, the risk-free rate is 3% and the market premium is 7%. The firm has a marginal tax rate of 30%. Calculate the weighted average cost of capital (WACC) of the firm. Briefly show your calculations. Round to two decimal places

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