Question $9$

Marvelous Company's capital structure is as follows: $60\%$ equity,

$40\%$ debt. Its cost of equity is $15\%$ and its cost of debt is $6\%.$ Its

marginal tax rate is $30\%.$ What is Marvelous Company's weighted

average cost of capital?

Enter the answer as a whole number with $2$ decimal places and

without signs. For example, if the answer is $$20\mathrm{.}16,$ enter $20\mathrm{.}16.$

If the answer is $\mathrm{.}1075$ or $10\mathrm{.}75\%,$ enter $10\mathrm{.}75.$