Silverstone and Moore has 10,000 shares of common stock outstanding at a price per share of $46 and a rate of return of 14%. The firm has 5,000 shares ofpreferred stock outstanding at a price of $58 a share and a rate of return of 12.07%. The outstanding debt has a total face value of $200,000 and a market price equal to 98% of face value. The yield-to-maturity on the debt is 8.03%. What is the firm's weighted average cost of capital if the tax rate is 34%?