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Suppose that TapDance, Inc.?s, capital structure features 65 percent equity, 35 percent debt, and that its before-tax cost of debt is 6 percent, while its

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Suppose that TapDance, Inc.?s, capital structure features 65 percent equity, 35 percent debt, and that its before-tax cost of debt is 6 percent, while its cost of equity is 11 percent. Assume the appropriate weighted average tax rate is 34 percent. What will be TapDance?s WACC? (Round your answer to 2 decimal places.) WACC [ ]%

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