Delta Lighting has 19,300 shares of common stock outstanding at a market price of $20 a share. This stock was originally issued at $21 per share. The firm also has a bond issue outstanding with a total face value of $200,000 which is selling for 91 percent of par. The cost of equity is 11.5 percent while the aftertax cost of debt is 6.6 percent. The firm has a beta of 1.33 and a tax rate of 23 percent. What is the weighted average cost of capital