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The total book value of WTCs equity is $8 million, and book value per share is $20. The stock has a market-to-book ratio of 1.5,

The total book value of WTCs equity is $8 million, and book value per share is $20. The stock has a market-to-book ratio of 1.5, and the cost of equity is 11%. The firms bonds have a face value of $4 million and sell at a price of 110% of face value. The yield to maturity on the bonds is 7%, and the firms tax rate is 21%. What is the companys WACC

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