Problem 14-10 Taxes and WACC [LO3] Lannister Manufacturing has a target debt-equity ratio of 25. ts cost of equity is t3 percent, and its cost of debt is 6 percent. If the tax rate is 22 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. 3216.) WACC