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The total book value of the firm's equity is $12 million; book value per share is $24. The stock sells for a price of $40

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The total book value of the firm's equity is $12 million; book value per share is $24. The stock sells for a price of $40 per share, and the cost of equity is 13%. The firm's bonds have a face value of $5 million and sell at a price of 120% of face value. The yield to maturity on the bonds is 7%, and the firm's tax rate is 35%. Find the WACC of William Tell | Computers. (Do not round Intermediate calculations. Round your answer to 2 decimal places.) WACC

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