#26 O McCann Catching, Inc. has 3.00 milion shares of stock outstanding. The stock currently sells for $12.90 per share. The firm's debt is publicly traded and was recently quoted at 90.00% of face value. It has a total face value of $19.00 million, and it is currently priced to yield 10.00%. The risk free rate is 2.00% and the market risk premium is 8.00% You've estimated that the firm has a beta of 1 38. The corporate tax rate is 39.00% The firm is considering a $48.90 million expansion of their production facity. The project has the same risk as the firm overall and will earn $11.00 milion per year for 6.00 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))