Question 19 1 pts Maybe-Land Airlines has a capital structure that consists of 40% debt and 60% equity (common stocks). The company's before-tax cost of debt is 7%. The company has a beta of 12. The risk-free rate equals 4% and the expected return on the market portfolio is 12%. What is the WACC of the company if the tax rate equals 40%? Round to 2 decimal places. Do not enter $ or % signs in your answer (e.g. 25.52% should be entered as 25.52)