The total book value of the firms equity is $18 million; book value per share is $36. The stock sells for a price of $50 per share, and the cost of equity is 16%. The firms bonds have a face value of $7 million and sell at a price of 125% of face value. The yield to maturity on the bonds is 10%, and the firms tax rate is 30%. Find the WACC of William Tell Computers. (Do not round intermediate calculations. Round your answer to 2 decimal places.)

WACC

%