CoffeeCarts has a cost of equity of 15.9%, has an effective cost of debt of 4.2%, and is financed 66% with equity and 34% with debt. What is this firm's WACC? CoffeeCarts's WACC is __% ? (Round to one decimal place.)

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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CoffeeCarts has a cost of equity of 15.9%, has an effective cost of debt of 4.2%, and is financed 66% with equity and 34% with debt. What is this firm's WACC?

CoffeeCarts's WACC is __% ?

(Round to one decimal place.)

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