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Question 11 7 pts Hammond/Lauderdale Corporation uses no preferred stock. Their capital structure uses 41%...

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Question 11 7 pts Hammond/Lauderdale Corporation uses no preferred stock. Their capital structure uses 41% debt (hint the rest is equity). Their marginal tax rate is 39.93%. Their cost of equity is 14.64%, and their before tax cost of debt is 7,5%. What is Hammond/Lauderdale's weighted average cost of capital (WACC)? Please enter without using the but with two decimal places in other words if you calculate 9.87%, then just enter 2.971

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