Tennessee Instruments (TI) has 164,000 shares of common stock outstanding at a market price of $45.83 a share. There are 28,000 shares of preferred stock outstanding at a market price of $37.94 a share. TI's debt a book value of $761,000. The market value of the bonds comprising TI's debt is 90% of their face value. TI's pre-tax cost of debt is 7.9%, its cost of common equity is 13.0%, and its cost of preferred stock of 9.6%. The company's tax rate is 35%. What is the Weighted Average Cost of Capital for TI?