The Golden Eagle Corporation has the following items on their income and balance sheets (values in tables are in thousands:

Balance Sheet Items (Assets)

	Last Year	Two Years Ago
Cash	440	460
Accounts Receivable	560	470
Inventory	287	285
Total Current Assets
Fixed Assets	5000	5090
Depreciation	2395	2081
Net Fixed Assets

Balance Sheet Items (Liabilities)

Accounts Payable	540	500
Notes Payable	90	98
Total Current Liabilities
Long Term Liabilities	1110	990
Total Liabilities
Preferred Stock	1265	1265
Common Stock	3220	3220
Retained Earnings	1450	1075
Total Liabilities and Equity

Income Statement Items

	Past Year	Two Years Ago
Sales	3040	2600
Cost of Goods Sold	1980	1730
Operating Expenses	590	530
Interest (Paid L/T Debt)	55	86
Taxes Paid	86	75
Preferred Stock Dividends Paid	72	22

What is the Weighted average cost of capital for last year for Golden Eagle if the rate on the common stock is 10.00%? Express your answer as .xxxx.

(Hint: First Calculate the Percentages of Common Stock, Preferred Stock, and Long-Term Debt. Do not include Retained Earnings. Net compute the rate [percentage cost] for Long-Term Debt and Preferred Stock. Then compute the weighted average.)