Sources	Amounts
Trade and other payables	$200,000
Short-term borrowings	250,000
Mortgage	500,000
Long-term borrowings	250,000
Share capital	300,000
Retained earnings	800,000

The before-tax bank charges are 11,0% for the short-term borrowings, 10,0% for the long-term borrowings, and 10.5% on the mortgage. The shareholders expect to earn 16%. Assume that the company's income tax rate is 40%.

Questions:

Calculate the company's weighted average cost of capital.