#17 O Georgia Movie Company has a capital structure with 50,00% debt and 50.00% equity The cost of debt for the firm is 9.00%, while the cost of equity is 12,00% The tax rate facing the firm is 35,00%. The firm is considering opening a new theater chain in a local college town. The project is expected to cost $12.00 million to initiate in year 0. Georgia Movie expects cash flows in the first year to be $2 96 million, and it also expects cash flows from the movie operation to increase by 4.00% each year going forward. The company wants to examine the project over a 12.00-year period What is the WACC for this project? 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))