ABC Inc. has a the capital structure shown below. Liabilities Stockholders' Equity $83 million $61 million...

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ABC Inc. has a the capital structure shown below. Liabilities Stockholders' Equity $83 million $61 million ABC Inc. will raise additional capital for new projects this year, in the amount of $7 million. Assume the current capital structure is ideal. The earnings, dividends, and stock price of ABC Inc. are expected to grow at 4.17% per year in the future. ABC Inc.'s common stock sells for $23 per share, and its last dividend was $2.04. The company's 5.7% coupon rate, semiannual payment, $1,000.00 par value bond that matures in 15 years and currently sells at par. The company's federal-plus-state tax rate is 23%. What is the weighted average cost of capital for ABC Inc.? Do not round any intermediate calculations. Report it as a whole number and round your answer to two decimal points. For example, if your answer is 17.857321%, you would type in 17.86 as your answer. ABC Inc. has a the capital structure shown below. Liabilities Stockholders' Equity $83 million $61 million ABC Inc. will raise additional capital for new projects this year, in the amount of $7 million. Assume the current capital structure is ideal. The earnings, dividends, and stock price of ABC Inc. are expected to grow at 4.17% per year in the future. ABC Inc.'s common stock sells for $23 per share, and its last dividend was $2.04. The company's 5.7% coupon rate, semiannual payment, $1,000.00 par value bond that matures in 15 years and currently sells at par. The company's federal-plus-state tax rate is 23%. What is the weighted average cost of capital for ABC Inc.? Do not round any intermediate calculations. Report it as a whole number and round your answer to two decimal points. For example, if your answer is 17.857321%, you would type in 17.86 as your answer.