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New Life Co. has $77,000 debt and $150,000 equity in the firm. Its current borrowing rate is 9%, its tax rate is 50%, and its

New Life Co. has $77,000 debt and $150,000 equity in the firm. Its current borrowing rate is 9%, its tax rate is 50%, and its cost of equity is at 19%. Help this company to compute its weighted average cost of capital (WACC)? Round your answer to 2 decimal places in a percentage

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