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Duty Enterprises has issued common stock, preferred stock, and debt to finance its operation. The table below shows financial information on the firm, 2018 Balance

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Duty Enterprises has issued common stock, preferred stock, and debt to finance its operation. The table below shows financial information on the firm, 2018 Balance Sheet: $519,807.00 Interest bearing debt $43 197.00 Preferred stock $750,000.00 Shareholder equity Duffy has publicly traded common stock that has a capitalization currently of $1,719,539.00 An analyst has estimated that the cost of debt for Duffy is 6.00%, the cost of the preferred stockis 9.00%, and the cost of the common equity is 14.00% Duffy has a marginal tax rate of 40.00% What is the cost of capital for Dutty? Submit Answer format: Percentage Round to 2 decimal places (Example: 924%, sign required Will accept decimar format founded to decimal places (ex 0.09243)

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