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Getrich has 1.9 million shares outstanding and a current share price of $3.1 per share. It also has $77.2 million in outstanding debt, with a
Getrich has 1.9 million shares outstanding and a current share price of $3.1 per share. It also has $77.2 million in outstanding debt, with a debt cost of capital of 6.0%. Getrichs equity cost of capital is 16.1%. If the corporate tax rate is 31.8%, what is Getrich's weighted average cost of capital? Round your answer to two decimal places in percentage form.
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