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GTECH Inc. has a capital structure that is 35% common equity and 65% debt. The stock's beta is 1.15, the required return on the

GTECH Inc. has a capital structure that is 35% common equity and 65% debt. The stock's beta is 1.15, the required return on the market is 14.8%, and the risk-free rate is 2.2%. The bonds make semi-annual coupon payments, have 14 years to maturity, a 7.8% coupon rate, and are priced at 109. The firm's tax rate is 21%. What is the WACC for GTECH?

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