The Weighted average cost of capital (WACC) is E. 15.77%.
Using this formula to find the WACC
WACC = Weighted of debt × cost of debt × (1- tax rate) + Weighted of equity × cost of equity
Let plug in the formula
WACC = (1/1.57)(.21) + (.57/1.57)(.10)(1 − .66)
WACC = 0.13375 + 0.02396
WACC = 0.1577 × 100
WACC = 15.77%
Therefore the correct option is E.
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