Question: The following data pertains to Grumpy Corp. Grumpy Corp. Total Assets $23,610 Interest-Bearing Debt (market value) $11,070 Average borrowing rate for debt 10.2% Common Equity:

The following data pertains to Grumpy Corp. Grumpy Corp. Total Assets $23,610 Interest-Bearing Debt (market value) $11,070 Average borrowing rate for debt 10.2% Common Equity: Book Value $6,150 Market Value $25,830 Marginal Income Tax Rate 37% Market Beta 1.73 Using the information from the table, determine the weight on debt capital that should be used to calculate Grumpy's weighted-average cost of capital: Group of answer choices 61.3% 30.0% 50.0% 26.2%

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