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If the risk-free rate is 0.7% and the expected market return is 7.7%, what is the WACC of the company with the following characteristics? Answer

If the risk-free rate is 0.7% and the expected market return is 7.7%, what is the WACC of the company with the following characteristics? Answer in percent, rounded to two decimal places. Market value of debt: $371 million Market price of each share: $23 Number of shares outstanding: 57 million Tax rate: 20.1% The average yield on current debt (pre-tax cost of debt): 3.9% Beta: 1.3

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