Question: Jones Soda estimates that its required return on equity is 11.0 percent and the yield to maturity on its debt is 5.0 percent. The company's

Jones Soda estimates that its required return on equity is 11.0 percent and the yield to maturity on its debt is 5.0 percent. The company's equity-to-asset ratio is 0.7 and the marginal tax rate is 30%. 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.

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