ded The simplified balance sheet for the Dutch manufacturer Rensselaer Felt (figures in thousands) is as follows: Cash and marketable securities. 2,500 76,600 Short-term debt Accounts payable Accounts receivable 121,000 126,000 249,500 63,000 Current liabilities 139,600 Inventory Current assets. Property, plant, and equipment 213,000 Long-term debt 209,600 Deferred taxes Other assets. 46,000 88,000 Shareholders' equity 247,300 596,500 Total 596,500 Total The debt has just been refinanced at an interest rate of 3.50% (short term) and 5.50% ( long term). The expected rate of return on the company's shares is 12.50%. There are 7.56 million shares outstanding, and the shares are trading at 56. The tax rate is 25%. Calculate this company's weighed-average cost of capital. (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Weighed-average cost of capital 9.06 %