The Patrick Company's year-end balance sheet is shown below. Its cost of common equity is 15%, its before-tax cost of debt is 11%, and its marginal tax rate is 40%. Assume that the firm's long-term debt sells at par value. The firm has 576 shares of common stock outstanding that sell for $4.00 per share. Calculate Patrick's WACC using market value weights. Round your answer to two decimal places. Assets.............................. Liabilities And Equity Cash.........................$ 120 Accounts receivable.......240 Inventories...................360 Long-term debt..............$1,210 Plant and equipment, net............................2,160 Common equity...............1,670 Total assets...............$2,880 Total liabilities and equity..$2,880 _________%