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Problem 1 3 - 6 Taxes and WACC Brannan Manufacturing has a target debt - equity ratio of . 3 5 . Its cost of

Problem 13-6 Taxes and WACC
Brannan Manufacturing has a target debt-equity ratio of .35. Its cost of equity is 12.6 percent, and its pretax cost of debt is 7.3 percent. If the tax rate is 21 percent, what is the company's WACC? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g.,32.16.)
Answer is complete but not entirely correct.
\table[[WACC,12.22
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