The following table presents information for Golden Fleece Financial.

Long$-$term debt outstanding $ $320,000$

Current yield to maturity on debt $9\mathrm{.}00\%$

Number of shares of common stock $11,000$

Price per share $ $52$

Book value per share $ $27$

Expected rate of return on stock $18\mathrm{.}00\%$

Calculate the company cost of capital.