Check My Work X 11-8: The Weighted Average Cost of Capital (WACC) Problem 11-8 WACC David Ortiz Motors has a target capital structure of 35% debt and 65% equity. The yield to maturity on the company's outstanding bonds is 10%, and the company's tax rate is 40%. Ortiz's CFO has calculated the company's WACC as 9.75%. What is the company's cost of equity capital? Round your answer to two decimal places. % Hide Feedback Incorrect Check My Work 153 11/10/2 o Bi 1 insert DI S Toll 1 1