NatNah, a builder of acoustic​ accessories, has no debt and an equity cost of capital of 17%. Suppose NatNah decides to increase its leverage to maintain a market​ debt-to-value ratio of 0.5. Suppose its debt cost of capital is 7% and its corporate tax rate is 30%. If​ NatNah's pre-tax WACC remains​ constant, what will be its​ (effective after-tax) WACC with the increase in​ leverage?   a. 15.95% b. 13.35% c. 11.89% d. 18.55%

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