Pfd Company has debt with a yield to maturity of 6.9%, a cost of equity of 12.6%, and a cost of preferred stock of 10.2%. The market values of its debt, preferred stock, and equity are $14.5 million, $2.9 million, and $15.1 million, respectively, and its tax rate is 38%. What is this firm's 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.)