Calculating WACC for ABC Corporation

ABC Corporation is evaluating its current capital structure and is seeking to determine its overall Weighted Average Cost of Capital (WACC). The firm has the following components of its capital structure:

• Equity: 70% with a cost of equity of 12%
• Debt: 30% with a cost of debt of 6%
• The tax rate applicable to the company is 30%.

Using this information, calculate ABC Corporation's WACC. Note that the cost of debt should be calculated on an after-tax basis.