MojitoMint company has a debt-equity ratio of .35. The required return on the company'sunleveredequity is 12.8 percent, and the pretax cost of the firm's debt is 6.5 percent. Sales revenue for the company is expected to remain stable indefinitely at the last year's level of $17,500,000. Variable costs amount to 60 percent of sales. The tax rate is 40 percent, and the companydistributesall its earnings as dividends at the endof each year.

What's thefirms weighted average cost of capital?