Question $4$

$2\mathrm{.}5$ pts

$4.$ Precision Cuts has a target debt$-$equity ratio of $\mathrm{.}48.$ Its cost of equity is $16\mathrm{.}4$ percent, and its pretax cost of debt is $8\mathrm{.}2$ percent. If the tax rate is $21$ percent, what is the company's WACC?

A$)13\mathrm{.}18\%$

B$)11\mathrm{.}72\%$

C$)12\mathrm{.}91\%$