our boss, whose expertise lies in financial planning, is concerned about the company's high weighted average cost of capital (WACC) of 28.00%. He has tasked you with determining the combination of debt-equity financing that would reduce the company's WACC to 17.00%. Given that the cost of the company's equity capital is 6% and the cost of debt financing is 30.00%, what debt-equity mix would you recommend? Please round the final answers to three decimal places. a) Debt-Equity Mix: 60% Debt, 40% Equity
b) Debt-Equity Mix: 70% Debt, 30% Equity
c) Debt-Equity Mix: 50% Debt, 50% Equity
d) Debt-Equity Mix: 80% Debt, 20% Equity
