Pfd Company has debt with a yield to maturity of 7.5%, a cost of equity of 14.9%, and a cost of preferred stock of 9.6%. The market values of its debt, preferred stock, and equity are $10.8 million, $2.7 million, and $15.1 million, respectively, and its tax rate is 21%. What is this firm's after-tax WACC? Note: Assume that the firm will always be able to utilize its full interest tax shield. Pfd's WACC is %. (Round to two decimal places.)