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Consider a firm that has 30% of debt. The rate of return for debt is 5%...

Consider a firm that has 30% of debt. The rate of return for debt is 5% and the rate of return for equity is 11%. The corporate tax rate is 38%. What is the weighted average cost of capital? Enter your answer as a percentage and rounded to 2 DECIMAL PLACES. Do not include the percentage sign in your answer.

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Particulars Equity capital market value weights 70% cost of capital 11.00% weighted cost 7.70% Debt 30% 0.93% 3.10% 0.05*(1-0

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