TAFKAP Industries has 3 million shares of stock outstanding selling at $17 per share, and an issue of $20 million in 75 percent annual coupon bonds with a maturity of 15 years, selling at 106 percent of par Assume TAFKAP's weighted average tax rate is 34 percent and its cost of equity is 14.5 percent What is TAFKAP WACC (Do not round intermediate calculations. Round your final answer to 2 decimal places.) WACC