37) The capital structure and after-tax financing costs for Klass Joinery Limited is: $500 million of long-term debt at a cost of 7%, $100 million of preference shares at 13%, and $400 million of ordinary share equity at 9%. Calculate the weighted average cost of capital for Klass Joinery Limited (Important: The allowed rounding error for this question is within 0.1%. Please type your answer in decimals. For example 9.8% should be shown as 0.098)