Question: A company's share price is $23, the book value of its' equity is $112, it has 11 shares outstanding and the beta of its' shares

A company's share price is $23, the book value of its' equity is $112, it has 11 shares outstanding and the beta of its' shares is 0.9.

The company's outstanding net debt has a market value of $105 with a 7.6% yield-to-maturity.

The risk free rate is 4.6% and the expected market risk premium is 5.7%.

What is the company's WACC assuming a corporate tax rate of 21%?

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