Incorrect Question 16 0/0.5 pts Compute WACC, given the following: $122MM in debt with interest payments of 7.15% but the ability to borrow at 6.86%. $39MM in preferred equity priced at $19.87 per share with an annual dividend of $1.79 and $289MM in common equity on which investors demand 15.78% return. The company faces a 34% tax rate. (Enter your answer as a percent with 2 decimal places but without the % symbol. For example, if you compute 25.00%, enter 25.00) 12.19