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Evans Technology has the following capital structure. table [ [ Debt , 2 5 8 ] , [ Common equity, 7 5 ] ]

Evans Technology has the following capital structure.
\table[[Debt,258],[Common equity,75]]
The aftertax cost of debt is 7.00 percent, and the cost of common equity (in the form of retained earnings) is 14.00 percent.
a. What is the firm's weighted average cost of capital?
Note: Do not round intermediate calculations. Input your answers as a percent rounded to 2 decimal places.
\table[[,Weighted Cost],[Debt,%
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