a Coffee Stop primarily sells coffee. It recently introduced a premium coffee-flavored liquor (BF Liquors). Suppose the firm faces a tax rate of 40% and collects the following information. Mit plans to finance 11% of the new liquor-focused division with debt and the rest with equity, what WACC should it use for its liquor division? Assume a cost of debt of 4.5%, a risk-free rate of 2.7%, and a market risk premium of 6.2% Beta % Equity % Debt Coffee Stop 0.63 96% BF Liquors 0.29 89% 11% Note: Assume that the firm will always be able to utilize its full interest tax shield The weighted average cost of capital is I (Round to two decimal places)