Question: Suppose that TapDance, Inc. ' s capital structure features 7 5 percent equity, 2 5 percent debt, and that its before - tax cost of

Suppose that TapDance, Inc.'s capital structure features 75 percent equity, 25 percent debt, and that its before-tax cost of debt is 8 percent, while its cost of equity is 13 percent. The appropriate weighted average tax rate is 21 percent.
What will be TapDance's WACC? (Round your answer to 2 decimal places.)
WACC
%
Suppose that TapDance, Inc.'s capital structure features 75 percent equity, 25

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