Question: Company's equity beta before restructuring was 1.1. Risk-free rate is 1.9%, market risk premium is 6%. The company issued new bonds with 4% coupon, and

Company's equity beta before restructuring was 1.1. Risk-free rate is 1.9%, market risk premium is 6%. The company issued new bonds with 4% coupon, and distributed proceeds as dividends. The leverage ratio increased from 10% to 20%. Tax rate is 0.21. What is the new WACC? [enter your answer in %, with two decimal points precision]

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