TNJ Corporation has 100000 common shares outstanding with a market value of $53 per share, and a cost of equity of capital of 12%. TNJ also has a total face value of $1274000 in zero-coupon bonds outstanding, which are currently trading a price of $720 per $1000 face value and have a yield-to-maturity of 5%. The current tax rate is 25%. What is TNJ's weighted average cost of capital? Enter your answer as a percent rounded to 2 decimal places. Enter your answer as a percent rounded to 2 decimal places. For example, if your answer is 0.1234, enter 12.34 without the percent sign