Question: Remaining Time: 8 0 : 3 6 : 0 8 A firm currently has a debt - equity ratio of 1 2 . The debt,

Remaining Time:

80

36

08

A firm currently has a debt

-

equity ratio of

\frac{1}{2} .

The debt, which is virtually riskless, pays an interest rate of

7 % .

The expected rate of return on the equity is

12 % .

What is the Weighted

-

Average Cost of Capital if the firm pays no taxes? Enter your answer as a percentage rounded to two decimal places. Do not include the percentage sign in your answer.

WACC

=

Remaining Time: 80:36:08 A firm currently has a debt-equity ratio of

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