You would like to estimate the weighted average cost of capital for a new airline business. Based on its industry asset beta, you have already estimated an unlevered cost of capital for the firm of 10%. However, the new business will be 26% debt financed, and you anticipate its debt cost of capital will be 6%. If its corporate tax rate is 32%, what is your estimate of its WACC? The equity cost of capital is %. (Round to one decimal place.) The weighted average cost of capital is ^% (Round to one decimal place.) Enter your answer in each of the answer boxes