The total book value of WTC's equity is $12 million, and book value per share is \$24. The stock has a market-to-book ratlo of 1.5, and the cost of equity is 14%. The firm's bonds have a face value of $8 million and sell at a price of 110% of face value. The yleld to maturity on the bonds is 9%, and the firm's tax rate is 21%. What is the company's WACC? Note: Do not round Intermedlate calculatlons. Enter your answer as a percent rounded to 2 declmal places