Getrich has 3.9 million shares outstanding and a current share price of $5.3 per share. It also has $51.7 million in outstanding debt, with a debt cost of capital of 2.6%. Getrich’s equity cost of capital is 19.7%. If the corporate tax rate is 35.3%, what is Getrich's weighted average cost of capital? Round your answer to two decimal places in percentage form.
