#14 McCann Catching, Inc. has 3.00 million shares of stock outstanding. The stock currently sells for $12.81 per share. The firm's debt is publicly traded and was recently quoted at 88.00% of face value. It has a total face value of $15.00 million, and it is currently priced to yield 9.00%. The risk free rate is 4.00% and the market risk premium is 8.00%. You've estimated that the firm has a beta of 1.30. The corporate tax rate is 34.00% The firm is considering a $49.01 million expansion of their production facility. The project has the same risk as the firm overall and will earn $10.00 million per year for 8.00 years. What is the WACC for McCann Catching, Inc.? Submit Answer format: Percentage Round to: 2 decimal places (Example 9 24%, % sign required Will accept decimal format rounded to 4 decimal places (ex. 0.0924))