The capital structure for Capital Health is provided below. If the firm has a 8% after tax cost of long term debt, 12% commercial loan rate, 6% commercial paper rate, short term bond rate of 5%, a 9% cost of preferred stock, and an 15% cost of common stock, what is the firm's weighted average cost of capital (WACC)?

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				#2			#3
Capital Structure (in K's)				Weights	Individual Costs		Weighted Costs
Long Term Bonds		$ 3,000			8.00%
Commercial Loans		$ 2,845			12.00%
Commercial Paper		$ 1,500			6.00%
Short Term Bonds		$ 1,200			5.00%
Preferred Stock		$ 500			9.00%
Common Stock		$ 4,500			15.00%
	#1		=			#4		=WACC