Question: uestion 18 3 points Save As The 8.B. Lean Co has 1.4 million shares of stock outstanding. The stock currently sells for $20 por share.

uestion 18 3 points Save As The 8.B. Lean Co has 1.4 million shares of stock outstanding. The stock currently sells for $20 por share. The firm's debt is publicly traded and was recently quoted at 93 percent of face value. It has a total face value of $5 million, and it is currently priced to yield 11 percent. The risk-free rate is 8 percent, and the market risk premium is 7 percent. You've estimated that Lean has a beta of 74. if the corporate tax rate is 21 percent, what is the WACC of Lean Co.? 11.0% O 8.0% O 12.54% o 21.0%

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