Barles Charkley Resorts, a hotel chain located in the Annapolis, has expected earnings before interest and taxes of $8.4 million. Its unlevered cost of capital (RA,U) is 14.8 percent and its tax rate is 23 percent. The firm has debt with both a book and a market value of $13.7 million. This debt has a 6.5 percent coupon (Rp) and pays interest annually. What is the firm's weighted average cost of capital (i.e., RA,L)