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.

______%

Hint: First, convert the debt/equity ratio to debt/totalV and equity/totalV. To do this assume Equity is 100, and so Debt is 55. Then, plug into the WACC formula

WACC = D/V x RD x (1-t) + E/V x RE