Carla Vistas T-Shirts, Inc., has debt claims of $390 (market value) and equity claims of $610 (market value). If the after-tax cost of debt financing is 8 percent and the cost of equity is 14 percent, what is Carla Vistas weighted average cost of capital? (Round answer to 2 decimal places, e.g. 15.25%.)

Weighted average cost of capital

enter the Weighted average cost of capital in percentages rounded to 2 decimal places %