MFWs optimal capital structure weights are 35% debt, 5% preferred stock, and 60% common stock. The companys marginal tax rate is 20%. The firm will issue new 25-year bonds at par yielding 5.75%. The cost of preferred stock is 7.25%. The expected return on the market is 12%, the risk-free rate is 5% and the firms beta is 1.4. What is the companys weighted average cost of capital?