Suppose that MNINK Industries capital structure features 63 percent equity.7 percent preferred stock, and 30 percent debl. Assume the before-tax component costs of equity, preferred stock and debt are 1160 percent. 9.50 percent, and 9 percent, respectively What is MNINK'S WACC If the firm faces an average tax rate of 34 percent? (Round your answer to 2 decimal places.)