A company finances its operations with 56 percent debt and the rest using equity. The before-tax cost of debt is 6.9% and the required rate of return on the stock is 11.2%. What is company's WACC? Assume the tax rate is 30% Round the answer to the nearest 2 decimal percentage points. For example, if your answer is 12.345%, then enter 12.35 in the answer box.