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If the risk-free rate is 0.9% and the expected market return is 7.1%, what is the WACC of the company with the following characteristics? Answer

If the risk-free rate is 0.9% and the expected market return is 7.1%, what is the WACC of the company with the following characteristics? Answer in percent, rounded to two decimal places. Market value of debt: $514 million Market price of each share: $18 Number of shares outstanding: 71 million Tax rate: 18.4% The average yield on current debt (pre-tax cost of debt): 4.6% Beta: 1.2

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