Pfd Company has debt with a yield to maturity of 8.3%, a cost of equity of 15.3%, and a cost of preferred stock of 10.1%. The market values of itsdebt, preferredstock, and equity are $10.9 million, $3.4 million, and $16.2 million, respectively, and its tax rate is 40%. What is thisfirm's after-taxWACC?

Note: Assume that the firm will always be able to utilize its full interest tax shield.