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If the risk-free rate is 0.7% and the expected market return is 7.6%, what is the WACC of the company with the following characteristics? Answer

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If the risk-free rate is 0.7% and the expected market return is 7.6%, what is the WACC of the company with the following characteristics? Answer in percent, rounded to two decimal places. Market value of debt: $407 million Market price of each share: $21 Number of shares outstanding: 61 million Tax rate: 19.7% The average yield on current debt (pre-tax cost of debt): 4.0m/b Beta: 1.3

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