6. value: 10.00 points Consider the following information for Federated Junkyards of America. Debt: $73,000,000 book value outstanding. The debt is trading at 91% of book value. The yield to maturity is 11%. Equity: 2,300,000 shares selling at $40 per share. Assume the expected rate of return on Federated's stock is 20%. Taxes: Federated's marginal tax rate is Tc = .35. Calculate the weighted average cost of capital (WACC). (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Weighted-average cost of capital %