You are given the following information concerning Parrothead Enterprises: Debt: 9,800 7.3 percent coupon bonds outstanding, with 22 years to maturity and a quoted price of 106. These bonds pay interest semiannually. Common stock: 265,000 shares of common stock selling for $65.30 per share. The stock has a beta of .93 and will pay a dividend of $3.50 next year. The dividend is expected to grow by 5.3 percent per year indefinitely. Preferred stock: 8,800 shares of 4.65 percent preferred stock selling at $94.80 per share. Market: A 11.2 percent expected return, a risk-free rate of 5.3 percent, and a 38 percent tax rate.

Required: What is the firm's cost of each form of financing? (Do not round intermediate calculations. Enter your answers as a percentage rounded to 2 decimal places (e.g., 32.16).)

Aftertax cost of debt %

Cost of preferred stock 4.90 %

Cost of equity 10.78 %

Calculate the WACC for Parrothead Enterprises. (Do not round intermediate calculations. Enter your answer as a percentage rounded to 2 decimal places (e.g., 32.16).) WACC %