Question $13$

$8$ pts

Your company has a target debt$-$equity ratio of $0\mathrm{.}55.$ Its cost of equity is $19\mathrm{.}9$ percent, and its cost of debt is $8\mathrm{.}96$ percent. If the tax rate is $17$ percent, what is the company's WACC?

$($Do not round any intermediate calculations. List your answer as a percent, round your final answer to $2$ decimal places and enter it in the box below.$)$