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 Debt (0) Equity (E) 425 588 at ro - 3.70 19.29 Use MM's proposition 2 to calculate the new cost of equity, Gaucho pays taxes at a marginal rate of -34%. Calculate Gaucho's after tox welehted-average cost of capital. (Do not found intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) ok Aler-tax WACC %