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The total book value of WTC s equity is $ 1 1 million, and book value per share is $ 2 2 . The stock

The total book value of WTCs equity is $11 million, and book value per share is $22. The stock has a market-to-book ratio of 1.5, and the cost of equity is 13%. The firms bonds have a face value of $7 million and sell at a price of 110% of face value. The yield to maturity on the bonds is 8%, and the firms tax rate is 21%. What is the companys WACC?
Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.

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