Boeing has a WACC of 11.8%. Analyse the result and what this mean for the company using the data provided below

Cost of Capital: Weighted average Cost of Capita (WACC)
Cost of Debt calculation
Interest expense		2533
Value of Debt		57823.5
Cost of Debt- Rd	Interest expense/Value of Debt	4.38%
Cost of Equity Calculation
Risk free rate- Rf		3.780%
Beta B extracted from Yahoo Finance		1.43
Market return- Rm		12%
Cost of Equity- Rs	Rs=Rf+ [B*(Rm-Rf)]	15.53%
Weight of Debt and Equity calculation
Value of Debts (D)		57823.5
Value of Equity(E)		113834.91
Value of Debt and Equity (D+E)		1,71,658
Weighted Debt- Wd	D/V	34%
Weighted Equity- We	E/V	66%
WACC Calculation
Effective Tax rate- T extracted from Annual Report 2022		-0.6%
WACC	Wd Rd (1T )+ (We Rs )	11.8%