Mullineaux Corporation has a target capital structure of 60 percent common stock and 40 percent debt. Its cost of equity is 14 percent, and the cost of debt is 8 percent. The relevant tax rate is 30 percent.

What is Mullineauxs WACC? (Do not round intermediate calculations and round your answer to 2 decimal places. (e.g., 32.16))

WACC %

10.52%, 4.68%, 7.54 and 8.51% are incorrect