Question 2 (1 point} The Black Bird Company plans an expansion. The expansion is to be financed by

selling $12 million in new debt and $40 million in new common stock. The before-

tax required rate of return on debt is 8.33% percent and the required rate of return

on equity is 19.59% percent. If the company is in the 34 percent tax bracket, – Round the answer to two decimal places in percentage form. (Write the percentage Sign in the quot;units quot; box} Your Answer: Answer units Finance