What is the answer to question 21? Thank you

D Question 21 1 pts a Droz's Hiking Gear. Inc, has found that its common equity capital shares have a beta equal to 2.0 while the risk-free return Is 8 percent and the expected return on the market is 14 percent. It has 7-year semiannual maturity bonds outstanding with a price of $1,110 that have a coupon rate of 7 percent. The firm is financed with $100 million of common shares (market 7 value) and $30 milion of debt. What is the after-tax weighted average cost of capital for Droz's, if it is subject to a 35 percent marginal tax rate? Round your intermediate calculation to five decimal places and final percentage answer to two decimal places 14.27% 16.15% 15.94% 15.86%