Wildhorse's T-Shirts, Inc., has debt claims of $410 (market value) and equity claims of $590 (market value). If the after-tax cost of debt financing is 10 percent and the cost of equity is 16 percent, what is Wildhorse's weighted average cost of capital? (Round answer to 2 decimal places, e.g. 15.25%.) Weighted average cost of capital %