11. Whirlpool Corp. is a home appliance company with 63.63m shares outstanding currently trading at $137.06 per share. They also have 73.41m annual coupon bonds selling in the market for $97.81 each and a coupon rate of 6.5%. They mature in 8 years. Assume Whirlpool will maintain their current capital structure. They are interested in developing a line of smart scales. While Whirlpool has an equity beta of 1.78, Withings, a manufacturer of connected home devices, has an equity beta of 2.3. Withings has a debt to value ratio of [5% and has a similar cost of debt as Whirlpool. The risk free rate is 5.2%, the expected market risk premium is 6.6%, and the corporate tax rate is 22% for all firms. You can assume the cost of debt stays constant in the future. What is Whirlpool's weighted average cost of capital (WACC) for this project answer in decimal, not percent)