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Consider a firm with $ 7 0 . 6 0 in outstanding debt and $ 1 6 5 . 3 0 in equity. If the

Consider a firm with $70.60 in outstanding debt and $165.30 in equity. If the required return on debt is 9.485%, the required return on equity is 8.733%, and the firm's tax rate is 27%, find the firm's weighted-average cost of capital to four decimal places. Assume no preferred stock is issued. For example, 0.0456 for 4.56%, not 0.04 or 4.56.

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