TicToc Limited has a capital structure comprising $35\%$ of its assets financed with debt, $19\%$

financed with preference shares and the remaining with ordinary shares. TicToc's debt is a

$10$ year bond that has a yield to maturity of $8\mathrm{.}2\%$ and the preference shares cost $12\mathrm{.}6\%$ per

annum. If the cost of ordinary shares is $18\mathrm{.}8\%$ and the tax rate is $30\%$ what is TicToc's

WACC? $($IMPORTANT: Please type your answer in decimals. For example $9\mathrm{.}8\%$ would be

entered as $0\mathrm{.}098$