Knappa Valley Winery's (KVW) most recent FCFF is $4,500,000. KVW's target debt-to-equity ratio is 0.25. The market value of the firm's debt is $10 million and KVW has 2 million shares of common stock outstanding. The firm's tax rate is 35%, the shareholders require a return of 15% on their investment, the firm's before-tax cost of debt is 8%, and the expected long-term growth rate in FCFF is 6%. Calculate the WACC of the firm. 12.04% 13.04% 14.04% 15.04%