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Brannan Manufacturing has a target debt-equity ratio of .35. (Hint: if you're not sure what to do about debt-equityratio, watch my YouTube video on that

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Brannan Manufacturing has a target debt-equity ratio of .35. (Hint: if you're not sure what to do about "debt-equityratio", watch my YouTube video on that topic, which you can also find in this week's module on Canvas.) Its cost of equity is 12 percent, and its cost of debt is 6 percent. If the tax rate is 21 percent, what is the company's WACC? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) WACC %

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