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Molly Enterprises has 244,175 shares of common stock outstanding at a market price of $31 a share. Last month, the firm paid an annual dividend

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Molly Enterprises has 244,175 shares of common stock outstanding at a market price of $31 a share. Last month, the firm paid an annual dividend in the amount of $1.443 per share. The dividend growth rate is 3%. The firm also has 4,248 bonds outstanding with a face value of $1,000 per bond. The bonds carry a 7% coupon, pay interest annually, and mature in 5 years. The bonds are selling at 100% of face value. The company's tax rate is 44%. What is Molly's weighted average cost of capital? Input your response in percent rounded to two decimal places (but without the percent sign). For example, if your answer is 8.94%, input "8.94

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