Pfd Company has debt with a yield to maturity of 6.3%, a cost of equity of 15.3%, and a cost of preferred stock of 10.4%. The market of its debt, preferred stock of 10.4%. The market values of its debt, preferred stock, and equity are $14.7 million, $2.8 million, and $13.4 million, respectively and its tax rate is 35%. What is this firm's after-tax WACC? Pfd's WACC is %