A company has the following capital structure: D/E ratio = 0.34, Equity Beta = 1.04, Cost of Debt = 6.7%.

The CEO proposes a new leverage, expressed by a target D/E ratio of 0.78. What would be the firm's new WACC?

Assume that the marginal tax rate is 40%, risk-free rate is 4.1%, market risk premium is 5.5%, and that debt is risk less.

Enter your answer as a percentage, with 2 decimals, without the percentage "%" sign. For example, if you obtain an answer equal to 0.123456, that's 12.3456%, so enter 12.35.