Question 3 (1 point) A company has a target capital structure of 60 percent common stock, 25 percent debt, and 15 percent preferred stock. Its cost of equity is 13 percent, its pretax cost of debt is 6 percent, and its cost of preferred cost is 7 percent. The company's tax rate is {23} percent. What is the company's weighted average cost of capital? Enter your answer as a decimal number (not as a percentage number) with 4 digits to the right of the decimal point in the box shown below. Your