Molly's Bakery has 25 million common shares value at $22.00 per share and $1,343 million in debt. The firm has a beta of 1.02, market risk premium of 7.5% and the Treasury bills are currently yielding a rate of 2.59%. If the cost of debt for the firm is 4% and its tax rate is 25%, what is the weighted average cost of capital for the bakery?