16) A companys after-tax cost of debt is 5% and its cost of equity is 14%. If the company's capital structure weights are 65% equity and 35% debt, what is the companys WACC?

Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit the % sign in your response. For example, an answer of 15.39% should be entered as 15.39.