An analyst is trying to determine the capital structure for Big Dawg Incorporated. After some careful research, the analyst knows the following: -Big Dawg has 1.64 million shares of common stock trading today at $19.21 per share. The book value of Big Dawg common stock is $11.00 million. The cost of equity for the firm is estimated to be 16.00%. Big Dawg has $10.00 million in long-term debt on its balance sheet. The debt is trading at 93.00% of face value in the market with a yield to maturity of 8.00%. The tax rate facing the firm is 37.00%. What is the WACC for Big Dawg incorporated? Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, \% sign required. Wil accept decimal format rounded to 4 decimal places (ex: 0.0924))