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Calculate the corporate cost of capital based on the following relevant facts (answer must be in the form of a percentage, extended two decimal places,

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Calculate the corporate cost of capital based on the following relevant facts (answer must be in the form of a percentage, extended two decimal places, for example 13.80%) Name of Entity. Thomas Lee Memorial Medical Center Cost of Debt Estimate: 8.00% Cost of Equity Estimate: 17.00% Target Weight of Debt: 30% Target Weight of Equity 70% Effective Tax Rate: 21% CCC = [Wdx Cost of Debt x (1 - 1) + (We x Cost of Equity)

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