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Some of Mergen's financial information can be found in the following table. Using the capital...

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Some of Mergen's financial information can be found in the following table. Using the capital asset pricing model, Mergen's weighted average cost of capital (WACC) for its typical project is closest to ___? Do not use Industry debt-to-equity ratio. Write your answer in percentage form, and round your answer to 2 decimal places. For example, write 77.45 instead of 0.77. Equity risk premium 7.31 percent Risk-free rate of interest 4.71 percent Industry debt-to-equity ratio 0.6 Market value of Mergen's debt 891 million Market value of Mergen's equity 2.9 billion Mergen's equity beta 1.4 Mergen's before tax cost of debt 7.39 percent Corporate tax rate 33.49 percent

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