Question: Jones Soda estimates that its required return on equity is 15.0 percent and the yield to maturity or its debitis 70 percent. The company's equity-to-asset

Jones Soda estimates that its required return on equity is 15.0 percent and the yield to maturity or its debitis 70 percent. The company's equity-to-asset ratio is 0.7 and the marginal tax rate is 20%. What is the company's weighted average cost of capital? Enter your answer as a percent and round to two decimals, but don't include the % sign. Numeric Response

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