The expected return on the market is 12.71%, the risk-free rate is 4.67%, and the tax rate is 22.00%. Semper Fun Sports has 300,000 common shares outstanding that are priced at $43.40 per share and have an expected return of 17.24% and an expected real return of 14.89%. Last year, Semper Fun Sports common stock had a return of 11.45%. The company also has 400,000 shares of preferred stock outstanding that are priced at $15.26 per share and have an expected return of 13.38% and an expected real return of 11.78%. Last year, Semper Fun Sports preferred stock had a return of 8.52%. Finally, the company has 10,000 bonds outstanding with a coupon rate of 9.52%, yield-to-maturity of 4.77%, current yield of 8.36%, face value of $1,000.00, and price of $1,180.00. What is the weighted average cost of capital for Semper Fun Sports?