X&Y Inc. has a target capital structure of 0.60 debt, 0.10 preferred stock, and 0.30 common equity The company's cost of debt is 6%, its cost of preferred stock is 7%, its cost of its cost of common equity is 14%. What is the company's cost of capital? Round to the nearest "0.1%". Enter your answer as a percentage. For example, if your answer is 2.5%", enter "2.5