A company has an EBIT of $4,009 in perpetuity. The unlevered cost of capital is 14.54%, and there are 21,212 common shares outstanding. The company is considering issuing $8,370 in new bonds at par to add financial leverage. The proceeds of the debt issue will be used to repurchase equity. The YTM of the new debt is 9.68% and the tax rate is 27%. What is the weighted average cost of capital after the restructuring?