Shadow Corp. has no debt but can borrow at 6.9 percent. The firms WACC is currently 8.7 percent, and the tax rate is 23 percent. (NOTE: 7.51 is not correct) thanks
d-1.	If the firm converts to 35 percent debt, what will the company's WACC be? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)