Dulce Suenos, a Mexican-based candy, has a after tax cost of long-term debt of 6.42%, preferred stock cost of 11.73%, and cost of capital for common stock to be calculated by CAPM model. For the CAPM following information is given - beta of the security is 1.49; the market rate of return is 13.1% and the one-year treasury bill (risk free rate) is of 4.61%. From their financial statements they have 20% of long-term debt, 18% of preferred stock, and remaining of common stock.

Calculate the Weighted asset Cost of Capital (WACC) for Dulce Suenos?

The answer is in %, do not enter the sign while entering the answer. Use 2 decimals in the answer.