Caddie Manufacturing has a target debt-equity ratio of .85. Its cost of equity is 12 percent, and its pretax cost of debt is 6 percent. If the tax rate is 24 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.) Answer is complete but not entirely correct. WACC 9.57 X %