Baxter Inc. has a target capital structure of 0.20 debt, 0.50 preferred stock, and 0.30 common equity. The company's cost of debt is 5%, its cost of preferred stock is 10%, its cost of its cost of common equity is 14%. What is the company's cost of capital?

Round to the nearest "0.1%". Enter your answer as a percentage. For example, if your answer is "2.5%", enter "2.5".