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Suppose that TapDance, Incorporated's capital structure features 6 5 percent equity, 3 5 percent debt, and that its before - tax cost of debt is

Suppose that TapDance, Incorporated's capital structure features 65 percent equity, 35 percent debt, and that its before-tax cost of debt is 9 percent, while its cost of equity is 14 percent. The appropriate weighted average tax rate is 21 percent and TapDance estimates it cannot make any use of the interest tax shield in the foreseeable future.
What will be TapDance's WACC?
Note: Round your answer to 2 decimal places.
WACC
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