Cream and Crimson Foods has a target capital structure of calling for 41.00 percent debt, 4.00 percent preferred stock, and 55.00 percent common equity (retained earnings plus common stock). Its before-tax cost of debt is 11.00 percent. The tax rate is 40.00%. Its cost of preferred stock is 10.50%. Its cost of common equity is 13.86%. Find the WACC for Cream and Crimson Foods? Submit Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924))

d #12 Cream and Crimson Foods has a target capital structure of calling for 41.00 percent debt, 4.00 percent preferred stock, and 55.00 percent common equity (retained earnings plus common stock). Its before-tax cost of debt is 11.00 percent. The tax rate is 40.00%. Its cost of preferred stock is 10.50%. Its cost of common equity is 13.86%. Suppose that Cream and Crimson has a project with an IRR of 12%. Should they ACCEPT or REJECT the project?