Two companies are identical in all respects except for their capital structures. One company is unlevered with $715,000 in stock. The other company is levered and uses both stock and perpetual debt in its capital structure. The levered company's stock is worth $352,000 and the interest rate on its perpetual debt is 7 percent. Both companies expect earnings before interest and taxes to be $77,000 each year forever. There are no taxes. What is the weight average cost of capital for the levered company? Enter your answer in the box shown below as a decimal number (not as a percentage) with 4 digits to the right of the decimal point