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Suppose that JB Cos. has a capital structure of 7 6 percent equity, 2 4 percent debt, and that its before - tax cost of

Suppose that JB Cos. has a capital structure of 76 percent equity, 24 percent debt, and that its before-tax cost of debt is 13 percent while its cost of equity is 17 percent. Assume the appropriate weighted-average tax rate is 21 percent and JB estimates that they can make full use of the interest tax shield.
What wilt be JB's WACC? (Round your answer to 2 decimal places.)
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