A firm's assets are financed 40% with Debt. The cost of debt is 3% and the cost of equity is 14%. Considering that tax rates are 38%.. What is the Weighted Average Cost of Capital (WACC) of this firm? Type your answer as percentage and not as decimal (i.e. 5.2 and not 0.052). Round to the nearest two decimals if needed. Do not type the \% symbol