The expected return on the market is 12.77%, the risk free rate is 4.80%, and the tax rate is 23%. Semper Fun Sports has 300,000 common shares outstanding that are priced at $40.20 per share and have an expected return of 17.50% and an expected real return of 14.52%. Last year, Semper Fun Sports common stock had a return of 11.09%. The company also has 400,000 shares of preferred stock outstanding that are priced at $15.91 per share and have an expected return of 13.99% and an expected real return of 11.17%. Last year, Semper Fun Sports perferred stock had a return of 8.59%. Finally, the company has 10,000 bonds outstanding with a coupon rate of 9.95%, yield of maturity of 4.22%, currently yield of 8.47%, face value of $1,000, and price of $1,220. What is the weighted average cost of capital for Semper Fun Sports?