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Firm UVW has a face debt value of $32 Million USDs trading at 92% with a pre-tax weighted cost of 7%. Firm UVW's common equity

Firm UVW has a face debt value of $32 Million USDs trading at 92% with a pre-tax weighted cost of 7%. Firm UVW's common equity for the year was valued at $100 Million of USDs and preferred equity for $9 Million of USDs. The Preferred equity rate was calculated to be 15%. However, the common equity was to be calculated using CAPM approach, with a 3% risk free rate and a 15% market risk premium rate, assuming a Beta of 1. If the tax rate is 30%, what is Firm UVW s WACC? Express your answers in strictly numerical terms. For example, if the answer is 5%, write 0.05"

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