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Sixx AM Manufacturing has a target debtequity ratio of 0.55. Its cost of equity is 19 percent, and its cost of debt is 8 percent.

Sixx AM Manufacturing has a target debtequity ratio of 0.55. Its cost of equity is 19 percent, and its cost of debt is 8 percent. If the tax rate is 38 percent, what is the company's WACC? Enter your answer as a percent rounded to 2 decimal places, e.g., enter 32.16% as 32.16, not 0.3216. ______%

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