Unless otherwise instructed, use two (2) decimal places for both percentages and dollar amounts. This is enforced, like in Connect. If you need to enter units, use % for percentages, $ for dollar amounts, x for times and years for years. Question 10 (4 points) JonesCo has determined that its optimal capital structure consists of 40 percent debt and 60 percent equity. The before-tax cost of debt is 6.00 percent; the tax rate is 40 percent. The costs of retained earnings and new common shares are 10.00 percent and 15.00 percent, respectively. Net income is expected to be $60000, and the dividend payout ratio is 50 percent. When the firm's capital budget is $80000, its weighted average cost of capital is: Your Answer: Answer units Previous Page Next Page L