Gaucho Services starts life with all-equity financing and a cost of equity of 16%. Suppose it refinances to the following market value capital structure: at ro - 10.3% Debt (0) Equity (E) 42% 58% Use MM's proposition 2 to calculate the new cost of equity. Gaucho pays taxes at a marginal rate of Te = 40%. Calculate Gaucho's after tax weighted average cost of capital. (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal ploces.) Answer is complete but not entirely correct. After tax WACC 13 31