(Estimated time allowance: 7 minutes) TopTin Corp.'s debt has a market value of $300,000; its preferred stock has a market value of $100,000 and its common stock has a market value of $800,000. The debt has a cost of 9%, preferred stock a cost of 10%, and common stock a cost of 16%. The firm has a tax rate of 30%. What is the weighted average cost of capital (WACC) for TopTin Corp? Use percentage denomination rounding to the nearest 2 decimals. Do not use the % sign in your answer. For example, if the answer is 0.13237 (13.237%) enter your answer as 13.24 Your