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Company ( mathrm{A} ) is financed by 14 of debt and the rest of the company is financed by common equity. The company's before-tax cost

image text in transcribed Company \\( \\mathrm{A} \\) is financed by \14 of debt and the rest of the company is financed by common equity. The company's before-tax cost of debt is \4.7, and its cost of equity is \11.8. If the marginal tax rate is \30, the company's weighted average cost of capital (WACC) is (Note: Round your answer to 3 decimal places. For example, if your answer is \8.7, you should write 0.087 in the answer box. DO NOT write 8.7 in the box as you will be marked wrong)

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