Mead Plastics data regarding cost of capital is as follows: Bonds Yield to Maturity is 13% 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 10% of value Flotation Costs in Common Stocks are 10% of value Growth rate in dividends is 6% Tax rate is 25% Optimal Capital Structure Debt 10% Preferred Stock = 30% Common Equity=60% Calculate the Weighted Average Cost of Capital (using cost of issuing new equity) (Do not round intermediate calculations. Input your answer as a percent rounded to 0 decimal places.) Respuesta: