Using the following information, calculate the firms WACC. Assume a cost of debt of 6%, a cost of equity of 10%, and a tax rate of 30%.

Note: all values are in millions except for the share price.

To calculate the weight of debt, use the book value.

Round to 4 decimals - So if you calculate 4.52%, enter 0.0452.

Cash	$ 516
Net receivables	$ 1,059
Inventories	$ 1,276
Other current assets	$ 66
Total current assets	$ 2,917
Net fixed assets	$ 2,003
Other noncurrent assets	$ 4,930
Total assets	$ 9,850
Accounts payable	$ 1,145
Current portion of long-term debt	$ 271
Other current liabilities	$ 868
Total current liabilities	$ 2,261
Long-term debt	$ 4,629
Other noncurrent liabilities	$ 1,174
Total Long Term Liabilities	$ 5,803
Equity	$ 1,786
Total liabilities and equity	$ 9,850
Shares Outstanding	300
Stock Price	$ 21