The expected return on the market is 11.76%, the risk-free rate is 4.17%, and the tax rate is 20%. XYZ has 800,000 common shares outstanding that are priced at $12.75 per share and have an expected return of 19.83% and an expected real return of 18.05%. Last year, XYZ common stock had a return of 14.99%. The company also has 350,000 shares of preferred stock outstanding that are priced at $12.00 per share and have an expected return of 15.79% and an expected real return of 14.07%. Last year, XYZ preferred stock had a return of 8.88%. Finally, the company has 25,000 bonds outstanding with a coupon rate of 6.37%, yield-to-maturity of 9.76%, current yield of 7.05%, face value of $1,000, and price of $904. What is the weighted average cost of capital for XYZ