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McCann Catching, Inc. has 2.00 million shares of stock outstanding. The stock currently sells for $12.64 per share. The firms debt is publicly traded and

McCann Catching, Inc. has 2.00 million shares of stock outstanding. The stock currently sells for $12.64 per share. The firms debt is publicly traded and was recently quoted at 90.00% of face value. It has a total face value of $15.00 million, and it is currently priced to yield 10.00%. The risk free rate is 3.00% and the market risk premium is 8.00%. Youve estimated that the firm has a beta of 1.50. The corporate tax rate is 35.00%. The firm is considering a $42.63 million expansion of their production facility. The project has the same risk as the firm overall and will earn $11.00 million per year for 6.00 years.

What is the WACC for McCann Catching, Inc.?

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