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If the risk-free rate is 0.8% and the expected market return is 7.4%, what is the WACC of the company with the following characteristics? Answer

If the risk-free rate is 0.8% and the expected market return is 7.4%, what is the WACC of the company with the following characteristics? Answer in percent, rounded to two decimal places. Market value of debt: $443 million Market price of each share: $20 Number of shares outstanding: 64 million Tax rate: 19.3% The average yield on current debt (pre-tax cost of debt): 4.2% Beta: 1.3

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