The ABC Company has a cost of equity of 18.57 percent, a before-tax cost of debt of 7.84 percent, and a tax rate of 24 percent. What is the firms weighted average cost of capital if the proportion of debt is 60%?

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.