Find the weighted average cost of capital for a firm with total asset value of $53.9M and total equity value on the books of $22M, taken from their financial statements. The total value of the firm, estimated from its traded securities, is $138M. The firms stock is currently trading for $47 per share and the company has 3.43M shares outstanding. The companys bonds, which are considered long-term, have a YTM of 9% and the expected return for equity is 23.91% and their tax rate is 39.3%.

Answer Format: INCLUDE ONLY NUMBERS AND DECIMALS IN YOUR ANSWER. Do not include "$" "," or any other formatting. Carry interim computations to at least 4 decimals.

Enter percentage answers as a positive percentage % rounded to 2 decimal places. For example 0.123456 should be enter as: 12.35 (##.##)

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