Self-Study Problem 13.04 Crane's T-Shirts, Inc., has debt claims of $430 (market value) and equity claims of $570 (market value). If the after-tax cost of debt financing is 12 percent and the cost of equity is 18 percent, what is Crane's weighted average cost of capital? (Round answer to 2 decimal places, e.g. 15.25%.) Weighted average cost of capital