$($Weighted average cost of capital$)$ The target capital structure for Jowers Manufacturing is $45$ percent common stock, $11$ percent preferred stock, and $44$ percent debt. If the cost of common equity for the firm is $19\mathrm{.}1$ percent, the cost of preferred stock is $11\mathrm{.}8$ percent, and the before$-$tax cost of debt is $10\mathrm{.}8$ percent, what is Jowers' cost of capital? The firm's tax rate is $34$ percent.

Jowers' cost of capital is $\%.($Round to three decimal places$)$