Question: (NOTE: ENTER YOUR ANSWER IN PERCENT, BUT WITHOUT THE % SIGN, rounded to 2 decimal places, for instance as 7.89, not as 7.89%, or not

 (NOTE: ENTER YOUR ANSWER IN PERCENT, BUT WITHOUT THE % SIGN,

(NOTE: ENTER YOUR ANSWER IN PERCENT, BUT WITHOUT THE % SIGN, rounded to 2 decimal places, for instance as 7.89, not as 7.89%, or not as 0.0789. Do not round intermediate calculations!) Calipso Beverages has 100,000 shares of stock outstanding, with one share selling for $190 in the stock market. Calipso's shareholders expect a 17% return on their investment. All of the company's debt comes from a $21 million loan it received 5 years ago. The entire loan is to be repaid with a single $21 million payment 10 years from now. Meanwhile, Calipso is making annual interest payments equal to $400,000. Assuming Calipso faces a 16% tax rate, calculate Calipso's weighted average cost of capital

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