Suppose that B2B, Inc. has a capital structure of 40 percent equity, 20 percent preferred stock, and 40 percent debt. If the costs of equity is 14 percent, cost of preferred stock is 10 percent, an the before-tax cost of debt is 8 percent, what is B2Bs WACC if the firm has a tax rate of 30 percent?

Express your answer as a percent rounded to two decimal places. Do not enter the percent symbol in your answer. For example, if your final answer is 3.46%, enter 3.46