Consider the following information for Federated Junkyards of America Debt $81,000,000 book value outstanding. The debt is trading at 89% of book value. The yield to matury is 10%. Equity: 3,100,000 shares selling at $48 per share. Assume the expected rate of return on Federated's stock is 19% Taxes: Federated's marginal tax rate is Te = .40 . Calculate the weighted-average cost of capital (WACC). (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Weighted-average cost of capital