Nike has 100 million shares of preferred stock outstanding, 475 million shares of common stock outstanding, and the face value of their debt on the balance sheet is $12 billion. Their 20-year debt has a 3.5% coupon rate and the latest quote on their bonds outstanding is 98.25. Nikes common stock is currently selling for $54.50 per share and their cost of equity capital is 10%. Nikes preferred stock is selling for $65 per share and pays an annual dividend of $5.20. If the marginal tax rate of the firm is 40%, compute the weighted average cost of capital of the firm