Sunrise Manufacturing, Inc.Sunrise Manufacturing, Inc., a U.S. multinational company, has the following debt components in its consolidated capital section, Sunrise's shareholders' equity is $50,000,000 and its finance staff estimates their cost of equity to be 17.5%. Current exchange rates are also listed in the table. Income taxes are 32% around the world after allowing for credits. Calculate Sunrise's weighted average cost of capital. Are any assumptions implicit in your calculation?

Assumption

Tax Rate

32%

25-year US$ bonds

$30,000,000

5-year US$ bonds

$7,000,000

10-year eurobonds (euros)

6,000,000

20-year yen bonds (yen)

900,000,000

Pre-tax cost of 25-year US$ bonds

6.0%

Pre-tax cost of 5-year US$ bonds

4.0%

Pre-tax cost of 10-year eurobonds

5.0%

Pre-tax cost of 20-year yen bonds

2.5%

Spot rate

($/)

1.2500

Spot rate

($/)

1.9500

Spot rate

(/$)

105.00

What is Sunrise's weighted average cost of capital?

enter your response here %(Round to two decimal places.)