Prerna Corp. has a target capital structure of 30% long-term debt, 8% a preferred stock, and the remainder funded by common stock. The yield on its 4% coupon bonds is 4.7%. The preferred stock is priced at $55 and pays $7.07 in dividends per share annually. The risk premium on the firm's common stock relative to its debt is 6%. The firm's tax rate is 35%. The firm's W.A.C.C. is %. Margin of error for correct responses: +/- 10%. Rounding and Formatting instructions: Do not enter dollar signs, percent signs, or commas in your response. Do not round any intermediate work, but round your final* response to 2 decimal places (example: if your answer is 12.3456%, you should enter 12.35)