The ABC Company has a cost of equity of 13.15 percent, a before-tax cost of debt of 4.04 percent, and a tax rate of 19 percent. What is the firm's weighted average cost of capital if the proportion of debt is 87%? Note: Enter your answer rounded off to two decimal points. Do not enter % in the answer box. For example, if your answer is 0.12345 then enter as 12.35 in the answer box.