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$11 Cream and Crimson Foods has a target capital structure of calling for 43.00 percent debt, 5.00 percent preferred stock, and 52.00 percent common equity

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$11 Cream and Crimson Foods has a target capital structure of calling for 43.00 percent debt, 5.00 percent preferred stock, and 52.00 percent common equity (retained earnings plus common stock). Its before-tax cost of debt is 11.00 percent. The tax rate is 40.00%. Its cost of preferred stock is 12.46%. Its cost of common equity is 14.55%. Find the WACC for Cream and Crimson Foods? Submit Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924))

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