Johansen Corporation has a target capital structure of 60 percent common stock and 40 percent debt. Its cost of equity is 12 percent, and the cost of debt is 6 percent. The relevant tax rate is 30...

Johansen Corporation has a target capital structure of 60 percent common stock and 40 percent debt. Its cost of equity is 12 percent, and the cost of debt is 6 percent. The relevant tax rate is 30 percent.

What is the company's WACC?(Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)


WACC             %