Avery Corporation's target capital structure is 25% debt, 10% preferred, and 65% common equity. The interest rate on new debt is 6.82%the yield on the preferred is 8.48%, the cost of common from reinvested earnings is 12.50%, and the tax rate is 40%. The firm will not be issuing any new common stock. What is the Avery's WACC? submit as a percentage