Western Electric has 30,000 shares of common stock outstanding at a price per share of $75 and rate of return of 13.20 percent. The firm has 7,100 shares of 7.40 percent preferred stock outstanding at a price of $93 00 per share The preferred stock has a par value of $100. The outstnding debt has a total face value of $392.000 and currently sells for 109 percent of face The yield to maturity on the debt is 795 percent What is the firm's weighted average cost of capital if the tax rate is 40 percent?