Suppose that JB Cos, has a capital structure of 78 percent equity, 22 percent debt, and that its before-tax cost of debt is 12 percent while its cost of equity is 16 percent. Assume the appropriate weighted-average tax rate is 21 percent and JB estimates that they can moke full use of the interest tax shield What will be JB's WACC? (Round your answer to 2 decimal places.) WACC