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9 4nnn Sapp Trucking's balance sheet shows a total of non-callable $45 million long-term debt with a coupon rate of 7% and may c has

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4nnn Sapp Trucking's balance sheet shows a total of non-callable $45 million long-term debt with a coupon rate of 7% and may c has a market value of $50 million. The balance sheet also shows that the company has 10 million shares of common shock, and the back of equity (common stock plus retained earnings is $65 million. The current market value of equity stock price is $20 per share. Additionally r return is 13.7%, and the firm's tax rate is 40%. What is the company's WACC based on market value weight Your answer should be between 9.72 and 12.50, rounded to 2 decimal places, with no special characters

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