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Calculate the weighted average cost of capital given the following information: (Not all information might...

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Finance

Calculate the weighted average cost of capital given the following information: (Not all information might be used)

  • The company has a cost of equity of 12.4 percent.
  • The company has an after-tax cost of debt of 4.7 percent.
  • The company's debtequity ratio is .84
  • The tax rate is 40 percent.

(Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. Input percentage points only, no % sign)

The WACC is %.

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