MG company expects to issue new debt at par with a coupon rate of 6% and to issue new preferred stock with a $2.40 per share dividend at $18 a share. The common stock of MG is currently selling for $33.00 a share and is expected to pay a dividend of $3.00 per share next year. MG has a growth in dividends in Invest stock at a rate of 5% per year and a marginal tax rate of 35%. What is MG's cost of capital if they decided to raise its capital using 57% debt, 8% preferred stock, and 65% common stock.