3 Croft Corporation has a target capital structure of 75 percent common stock and 25 percent debt. Its cost of equity is 14 percent, and the cost of debt is 8 percent. The relevant tax rate is 25 percent. What is the company's WACC? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) 10 points WACC % eBook Print