Pld Company has debt with a yield to maturity of 7 9%, a cost of equity of 14.6%, and a cost of preferred stock of 8.8%. The market values of its debt, preferred stock and equity are $12.5 million, 53.5 million, and $13.8 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 Pid's WACC is %. (Round to two decimal places.)