The capital structure for the Carion Corporation is provided here. The company plans to maintain its debt structure in the future. If the firm has a 5.5 percent after-tax cost of debt, a 13.5 percent cost of preferred stock, and an 18 percent cost of common stock, what is the firms weighted average cost of capital?

$1,083 CAPITAL STRUCTURE ($000) Bonds Preferred stock Common stock 268 3,681 $5,032