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The total book value of WTC ' s equity is $ 1 3 million, and book value per share is $ 2 6 . The

The total book value of WTC's equity is $13 million, and book value per share is $26. The stock has a market-to-book ratio of 1.5, and
the cost of equity is 15%. The firm's bonds have a face value of $9 million and sell at a price of 110% of face value. The yield to maturity
on the bonds is 10%, and the firm's tax rate is 21%. What is the company's WACC?
Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.
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