Willys Wild Wardrobe (WWW) is interested in going to the market to raise additional capital. WWW has outstanding a $15,000,000 par value bond with six years to maturity. The bond has a coupon rate of 6% and pays semi-annually. They are currently priced at $98.00. WWW currently has 900,000 outstanding common shares that are priced today at $14 per share. Last year they paid an annual dividend of $0.45. The risk-free rate is 2.5% and the market risk premium is 8%. WWWs beta is 1.30 and the marginal tax rate is 28%.

Required

What is WWWs Weighted Average Cost of Capital? (WACC)

Show all calculations and round all percentages to 2 decimals (for example 27.45%) and round all ending figures to the nearest dollar.