Mullineaux Corporation has a target capital structure of 60 percent common stock and 40 percent debt. Its cost of equity is 16 percent, and the cost of debt is 10 percent. The relevant tax rate is 35 percent. What is Mullineauxs WACC? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places (e.g., 32.16).) WACC