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#3. A firm is 74.00% equity. It has a cost of equity of 17.00%, a pre-tax cost of debt of 7.00%, and a marginal tax

#3. A firm is 74.00% equity. It has a cost of equity of 17.00%, a pre-tax cost of debt of 7.00%, and a marginal tax rate of 21.00%. What is the firm's weighted average cost of capital?

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))

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