32. A firm's Debt-to-Equity ratio is 1.1. The before-tax cost of debt=7%; Rf = 3%; Beta = 1.2; The market return = 8%; and the tax rate = 36%. The firm's WACC (weighted average cost of capital) = (Note: please retain at least 4 decimals in your calculations and at least 2 decimals in your final answer.)