Nacho Libre S.A. has 3,000,000 common shares outstanding that trade for $25.00 per share. The company has also issued one bond with a parvator of $40,000,000 that currently trades at 100 percent of par. You observe that the company's required return on stock is 12.00 percent and the lateral yed to maturity on its debt is 2.00 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