Lannister Manufacturing has a target debt-equity ratio of .70. Its cost of equity is 11 percent, and its cost of debt is 7 percent. If the tax rate is 21 percent, what is the company’s WACC? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

Lannister Manufacturing has a target debt-equity ratio of .70. Its cost of equity is 11 percent, and its cost of debt is 7 percent. If the tax rate is 21 percent, what is the company’s WACC? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)