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 41%
• 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 $1.84 and is currently priced at $18.17

V\Calculate the company's WACC

(4 decimal places)