Assume the appropriate weighted-average tax rate is 25, Financial Management

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Assume the appropriate weighted-average tax rate is 25

Suppose that JB Cos. has a capital structure of 70 percent equity, 30 percent debt, and that its before-tax cost of debt is 11 percent while its cost of equity is 15 percent.

Assume the appropriate weighted-average tax rate is 25 percent. What will be JB's WACC? (Round your answer to 2 decimal places.)

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Financial Management: Assume the appropriate weighted-average tax rate is 25

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Financial Management: Assume the appropriate weighted-average tax rate is 25

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