An outside consultant has suggested that because debt is cheaper than equity, the fitm should switch to a capital structure that is 50 . Dercent debt and 50 percent equity. Under this new and more debt-oriented arrangement, the aftertax cost of debt is 9.00 percent, and the cost of common equity in the form of retained earnings) is 17.00 percent. b. Recalculate the firm's weighted average cost of capital. (Do not round intermediate colculotions. Input your answers as o percent rounded to 2 decimal places.)