Given the following information:

Percent of capital structure:

Debt 40 %
Preferred stock 20
Common equity (retained earnings) 40

Additional information:

Bond coupon rate 12%
Bond yield to maturity 10%
Dividend, expected common $ 6.00
Dividend, preferred $ 13.00
Price, common $ 65.00
Price, preferred $ 108.00
Flotation cost, preferred $ 3.50
Growth rate 5%
Corporate tax rate 40%

Calculate the Hamilton Corp.'s weighted cost of each source of capital and the weighted average cost of capital. (Do not round intermediate calculations. Input your answers as a percent rounded to 2 decimal places.)