sapp truckings balance sheet shows a total of non callable $45 million long term debt with a coupon rate of 7% and a yield to maturity of 6%. this debt currently has a market value of $50 million. the balance sheet also shows that the company has 10 million shares of common stock, and the book value of the common equity is $65 million. the current market value of equity is $20 per share. additionally, stockholders required return is 12.8% and the firms tax rate is 40%. what is the companys WACC based on market value weighting?   should be between 9.72 and 12.50. round to 2 decimal places

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