EEE Corporation making a new investment using the following capital structure:

- Bonds = $64 million, with an effective annual after tax interest rate of 30%

- Preferred Stock= $47 million, with an effective annual after tax interest rate of 11%

- Retained Earnings = $48 million, with an effective annual after tax interest rate of 26%

Compute the Weighted Average Cost of Capital (WACC) for this investment. Write your answer as percentage (e.g. if your answer is 5%, write 5 not 0.05).