Brannan Manufacturing has a target debt-equity ratio of .70. (Hint: if you're not sure what to do about "debt-equityratio", Its cost of equity is 11 percent, and its cost of debt is 7 percent. If the tax rate is 21 percent, what is the companys WACC? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)