Problem 11-15 WACC (LG11-2) Suppose that TapDance, Inc.'s capital structure features 70 percent equity, 30 percent debt, and that its before-tax cost of debt is 8 percent, while its cost of equity is 13 percent. Assume the appropriate weighted average tax rate is 34 percent. What will be TapDance's WACC? (Round your answer to 2 decimal places.) Answer is complete but not entirely correct. WACC 11.980%