Carla Vista Co. has a capital structure, based on current market values, that consists of 36 percent debt, 20 percent preferred stock, and 44 percent common stock. If the returns required by investors are 10 percent, 11 percent, and 15 percent for the debt, preferred stock, and common stock, respectively, what is Carla Vistas after-tax WACC? Assume that the firms marginal tax rate is 40 percent.

After Tax WACC: %