Mead Plastics data regarding cost of capital is as follows: Bonds Yield to Maturity is 12% Preferred Stock value is $70 Common Stock value is $50 Dividends in Preferred Stocks are $7.15 Last year dividends in Common Stocks was $3.00 Flotation Costs in Preferred Stocks are $5 per share Flotation Costs in Common Stocks are 10% of value Growth rate in dividends is 5% Tax rate is 30% Optimal Capital Structure Debt =25% Preferred Stock =30% Common Equity =45% Calculate the Weighted Average Cost of Capital (Do not round intermediate calculations. Input your answer as a percent rounded to 0 decimal places.)