Given the following information: Percent of capital structure:

Debt 35 %

Preferred stock 20

Common equity (retained earnings) 45

Additional information:

Bond coupon rate 14%

Bond yield to maturity 12%

Dividend, expected common $ 8.00

Dividend, preferred $ 15.00 Price,

common $ 75.00 Price,

preferred $ 126.00

Flotation cost, preferred $ 6.80

Growth rate 5%

Corporate tax rate 40%

Calculate the Hamilton Corp.'s weighted cost of each source of capital and the weighted average cost of capital. (Do not round intermediate calculations. Input your answers as a percent rounded to 2 decimal places.)