Croft Corporation has a target capital structure of 85 percent common stock and 15 percent debt. Its cost of equity is 15 percent, and the cost of debt is 6 percent. The relevant tax rate is 21...

Extracted text: Croft Corporation has a target capital structure of 85 percent common stock and 15 percent debt. Its cost of equity is 15 percent, and the cost of debt is 6 percent. The relevant 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.) WACC %