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The ABC Company has a cost of equity of 22.11 percent, a before-tax cost of debt of 8.95 percent, and a tax rate of 30

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The ABC Company has a cost of equity of 22.11 percent, a before-tax cost of debt of 8.95 percent, and a tax rate of 30 percent. What is the firm's weighted average cost of capital if the proportion of debt is 34% ? Note: Enter your answer rounded off to two decimal points. Do not enter \% in the answer box. For example, if your answer is 0.12345 then enter as 12.35 in the answer box

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