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Tulloch Manufacturing has a target debtequity ratio of .61. Its cost of equity is 13.9 percent, and its pretax cost of debt is 8.9 percent.

Tulloch Manufacturing has a target debtequity ratio of .61. Its cost of equity is 13.9 percent, and its pretax cost of debt is 8.9 percent. If the tax rate is 40 percent, what is the companys WACC? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) WACC %

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