Engle Archery, Inc. has 8,000 shares of common stock outstanding at a price per share of $67 and a rate of return of 15 percent. The firm has 2,000...

Engle Archery, Inc. has 8,000 shares of common stock outstanding at a price per share of $67 and a rate of return of 15 percent. The firm has 2,000 shares of 6.3 percent preferred stock outstanding at a price of $66 a share. The preferred stock has a par value of $100. The outstanding debt has a total face value of $100,000 and a market price equal to 104.5 percent of face value. The yield-to-maturity on the debt is 9.5 percent. What is the firm's weighted average cost of capital (in percents) if the tax rate is 38.9 percent?