Glamor Entertainment has a target capital structure of 41 percent common stock, 4 percent preferred stock, and 55 percent debt. Its cost of equity is 18 percent, the cost of preferred stock is 6.5 percent, and the pre-tax cost of debt is 8.3 percent. What is the firm's WACC given a tax rate of 37 percent? (round answer to whole number with two decimal points: i.e., use 1.23 percent instead of 0.0123)