ADATA Technology Company's balance sheet shows a total of $70 million long-term debt with a coupon rate of 9%. The yield to maturity on this debt is 16%, and the debt has a total current market value of $75.6 million. The balance sheet also shows that the company has 15 million shares of stock, and the stock has-a book value per share of $10. The current stock price is $32 per share, and stockholders' required rate of return, rs, is 25%. The firm's tax rate is 30%. Calculate the firm's WACC using market value weights. 23.12% 20.61% 22.46% 21.69% 19.05%