You have been given the task of calculating the Weighted Average Cost of Capital for Funck's Fantastic Frisbees (FFF). You have been provided the following information FFF's capital structure is composed of 30% debt, 50% common equity from retained earnings, and 20% preferred equity FFF's corporate tax rate is 38% The yield to maturity on FFF's bonds is 8% The company's cost of internal equity is 12.2% The company's preferred stock pays a dividend of $1.50 and is currently priced at $16.81 Calculate the company's WACC, and enter your answer as a decimal with a leading zero and 4 decimal places of precision (ie 0.1234)