YYY Corporation is raising capital through the issuance of Preferred Stocks selling at $571 per share and promises dividends of $23 per year. This company is expected to grow at 9% per year. The broker for this financial operation will charge 8% in fees per share sold. Given that the aggregate corporate tax rate for this company is 36%, compute this Preferred Stock issuance's after tax cost of capital for the corporation. Write your answer as percentage