Problem $11-15$ WACC $($LG$11-2)$

Suppose that TapDance, Inc.$\text{'}$s$,$ capital structure features $70$ percent equity, $30$ percent

debt, and that its before$-$tax cost of debt is $10$ percent, while its cost of equity is $15$

percent. Assume the appropriate weighted average tax rate is $34$ percent.

What will be TapDance's WACC? $($Round your answer to $2$ decimal places.$)$

WACC