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A company is financed with 50% equity and 50% debt. The cost of equity of 13.0% and the cost of debt is 8.0%. The tax

image text in transcribed A company is financed with 50% equity and 50% debt. The cost of equity of 13.0% and the cost of debt is 8.0%. The tax rate is 21%. What is the firm's WACC? Please state your answer as a percentage without the % sign and include 2 decimal places after the decimal point (i.e. 21.4488% should be entered as 21.45 )

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