XYZ Company is financed by debt (50%), preferred stocks (20%) and common equity (30%). Its common stock price is $43 per share. It pays a dividend of $3.00 and has a growth rate of -2%. Its annual preferred stock dividend is $82 per $1,000 share with a flotation cost of 7.5% per share. The interest for long-term debt is 11%. Its corporate tax rate is 30%. What is the companys weighted average cost of capital (WACC)?