Question: Question 3 3 points Save Answ] Goremann Corp (GC) has a total market value of $410 million. The market value of equity is $290 million

Question 3 3 points Save Answ] Goremann Corp (GC) has a total market value of $410 million. The market value of equity is $290 million and the company carries debt valued at $120 million. The beforetax cost of debt is 5 percent and the cost of equity is estimated at 15 percent. The statutory company tax rate is 30 percent. What is the weighted-average cost of capital for the company closest to? O A. 12.05%. 0 B. 9.34%. O C. 11.63%. 0 D. 10.52%

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