Question: Jones Soda estimates that its required return on equity is 13.0 percent and the yleld to maturity on its debt is 7.0 percent. The company's

Jones Soda estimates that its required return on equity is 13.0 percent and the yleld to maturity on its debt is 7.0 percent. The company's equity-to-asset ratio is 0.4 and the marginal tax rate is 30%. What is the company's weighted average cost of capita? Enter your answer as a percent and round to two decimals, but don't include the % sign. Numeric Response

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