Nacho Libre S$.$A$.$ has $9,000,000$ common shares outstanding that trade for $$35\mathrm{.}00$ per share. The company has also issued one bond with a par value of $$60,000,000$ that currently trades at $95$ percent of par. You observe that the company's required return on stock is $12\mathrm{.}00$ percent and the $($after$-$tax$)$ yield to maturity on its debt is $5\mathrm{.}00$ percent. What is the weighted average cost of capital? Write your answer as a percent rounded to two decimals, but don't include $\%$ sign.

Numeric Response