dog gone software has 36,500 shares of common stock outstandinf with a market price per share of $31 and an expected rate lf return of 15.47 percent. the firm also has an outstanding debt with a face value of 468,000 and currently sells for 190 percent of its cace value. The pre-tax cost of debt is 9.75 percent. the tax rate is 21 percent. what is the firms weighted average cost of capital?

round the percentage answer to two decimal places