Using the balance sheet provided for Sam's Retail Warehouse, determine the weighted average cost of capital. The firm's tax rate is 35%, the preferred stock pays a dividend of $0.45 per share, the beta of the common stock is 1.6, the market risk premium is 8%, and the risk free rate is 5\%. Assume that the market value weights are the same as the book value capital structure weights. 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. Your