Gaucho Services starts life with all-equity financing and a cost of equity of 13%. Suppose it refinances to the following market value capital structure: Debt (D) Equity (e) 48% 52% at rd = 9.1% Use MM's proposition 2 to calculate the new cost of equity. Gaucho pays taxes at a marginal rate of Te+34%. 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 places.) Answer is complete but not entirely correct. After-tax WACC 10,88 %