TicToc Limited has a capital structure comprising 44% of its assets financed with debt, 16% 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 9.5% and the preference shares cost 11.6% per annum. If the cost of ordinary shares is 18.0% and the tax rate is 30% what is TicToc's adjusted WACC? (IMPORTANT: Please type your answer in decimals. For example 9.8% would be entered as 0.098 )