Whitewater has a beta of 0.9. The risk-free rate is equal to 3% and the market risk premium is equal to 6%. Whitewater needs a total funding of $300,000 to complete a project. $100,000 are obtained through debt and the rest from shares. The marginal tax rate is equal to 17.1% and the yield to maturity on Whitewater's bonds is equal to 7% Calculate the WACC. Use four decimal points Show steps in the reasons box