JMS Company has 20-year bonds outstanding with a current yield to maturity of 6.60% and a total market value of $15,200,000. It also has common stock outstanding with a cost of the common equity of 15.75% and a market value of $28,500,000. The company also has preferred stock outstanding with a cost of the preferred equity of 6.40% and a market value of $2,100,000.What follows is a numeric fill in the blank question with 1 blanks.

Rounded to two decimal places as a percent, the weighted average cost of capital for JMS Company is _________ %.