Long$-$term debt outstanding $=$ $$300,000$

Yield to maturity $($rD$)=8\%$

Number of shares of common stocks $=10,000$

Price per share $=$ $$50$

Book value per share $=$ $$25$

Beta of common stock $=1\mathrm{.}5$

Expected rate of return on market portfolio $=12\%$

Risk$-$free rate $=6\%$

Calculate and report the weighted$-$average cost of capital for company XYZ$.$ Assume taxes are equal to zero. Report your answer in percentage points rounded to one decimal point.