Suppose you are estimating the WACC for Georgia Inc. It has the following data from its balance sheet: total debt =$220 million; total equity=$120 million. It has 20 million shares outstanding, and its stock is trading at $42 per share. Your analysis shows that the company's current borrowing rate is 7%, and that the cost of equity is 13%. If the company marginal tax rate is 30% what is its WACC?.