Answer this question based on the following data for a global firm.average pretax cost of debt = 8%

average cost of equity = 13.6%

average tax rate = 40%

the firm raises funds by borrowing 20 million dollars and issuing equity in the amount of 30 million dollars.

The after-tax weighted average cost of capital of this firm is:

10.08%

none of the answers in this question are correct

4.8%

13.60%

11.36%

Please be aware they are asking for after-tax not before

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