Question 17 (3 points) Patton Paints Corporation has a target capital structure of 35% debt and 65% common equity, with no preferred stock. its before-tax cost of debt is 8%, and its marginal tax rate is 40%. The current stock price is po = $30. The last dividend was Do = $2.4 and it is expected to grow at a 7% constant rate. What is its weighted average cost of capital (WACC) without issuing new common stock? (Please use 4 decimal places when doing thid question.) [Hint: The formula to calculate WACC without issuing new common stock is on Chapter 9 PowerPoint Slide #20. Studying Chapter 9 PowerPoint Slide #24 to #25 is helpful to answer this question.) . 12.55% 11.795 12.91 11.43% d