XYZ Inc. has $10million in excess cash,a market capitalization of $300million and a market value of debt of $110 million. Its cost of equity is 10% and its cost of debt is 3%. The corporate tax rate is 32%. Calculate the WACC for XYZ Inc. Express your answer in percent and round to two decimals (do not include the %-symbol in your answer).

XYZ Inc. has $10 million in excess cash, a market capitalization of $300 million and a market value of debt of $110 million. Its cost of equity is 10% and its cost of debt is 3%. The corporate tax rate is 32%. Calculate the WACC for XYZ Inc. Express your answer in percent and round to two decimals (do not include the cKa-symbol in your answer)