Trio Trek Mix Corporation is planning their year end costs and financial statements. As a public company, they will report their cost of capital to the SEC. Please calculate their Weighted Average Cost of Capital for this year:

- The firm has a Debt/Equity ratio of 2,

- It has a pretax cost of debt of 6%,

- It has a pretax cost of equity of 11%,

- It has an average annual tax rate of 25%

- This year the firm had a negative profit of approximately $4.6 million

(Recall to post answer, not as a decimal, but as %, with 2 decimal places but no % sign)