Ehrhardt Corporation's balance sheet shows $535 million in debt, $144 million in preferred stock. The market value of the firm's equity is $752 million. The yield to maturity on the firm's debt is 7%, the cost of preferred stock is 9.0% and the cost of common equity is 14%. The corporate tax rate is 28%. Calculate the Weighted Average Cost of Capital (WACC). Enter your answer as a % with 2 decimal places (ie 12.34).