Cookie Corp. has $1,633 in debt outstanding and $2,343 in common stock (and no preferred...
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Cookie Corp. has $1,633 in debt outstanding and $2,343 in common stock (and no preferred stock). Its marginal tax rate is 30%. Cookie's bonds have a YTM of 3.5%. The estimated risk premium between the company's stocks and bonds is 9%. The company's W.A.C.C. is _____%. Round your final answer to 2 decimal places (example: enter 12.34 for 12.34%), but do not round any intermediate work in the process. Margin of error for correct responses: +/- .10 (
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