Nacho Llbre S.A. has 7,000,000 common shares outstanding that trade for $40.00 per share. The company has also issued one bond with a par value of $60,000,000 that currently trades at 110 percent of par, You observe that the company's required return on stock is is 14.00 percent and the fafer-tavi) yeid to maturity on its debt is 3.00 percent. What is the weighted average cost of capital? Write your answer as a percent rounded to two decimaic, but dont include % slgn. Numeric Response