The total book value of WTCs equity is $13 million, and book value per share...
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The total book value of WTCs equity is $13 million, and book value per share is $26. The stock has a market-to-book ratio of 1.5, and the cost of equity is 15%. The firms bonds have a face value of $9 million and sell at a price of 110% of face value. The yield to maturity on the bonds is 10%, and the firms tax rate is 21%. What is the companys WACC? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.).
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