Emma Peel is an analyst in the treasurer's office at Steed \& Co. Ms. Peel needs your help to estimate the Cost of Capital for Steed. Steed has long-term bonds outstanding, preferred shares outstanding and common shares. Selected information for each of the securities is provided in the table below. What is the weighted average cost of capital for Steed \& Co.? Enter your answer as a percent, rounded to 2 decimal places