Johnny Cake Ltd. has 8 million share of stock outstading selling at $22 per share and an issue of $40 million in 10 percent annual coupon bonds with an maturity of 17 years selling at 94.0 percent of per. Assumen Johnny Cake's weighted-average tax rate is 34 percent, its next dividen is expected to be $3 per share and all future dividends are expected to gwor at 5 percent per year, indefinitely.

what is its WACC? (Do not round intermediate caculations and round your finaln answer to round 2 decimal places.)

Before-tax cost of equity

Before-tax cost of debt

Equit weight

Debt weight

WACC