A firms common stock is valued at 60 millions and has a beta of 1.5. The firms (risk-free) debt is valued at 100 millions and has a beta of zero. The risk free rate is 4% and the return on the market portfolio is 10%. Ignore taxes. What is the firms weighted-average cost of capital?

Ensure that all figures used are rounded to no less than 3 decimal places.

Please do not enter any special characters in your answer other than, if applicable, a decimal point (e.g. no or , symbols).

Please provide your answer in decimals, e.g. an answer of 6.2% should be entered as 0.062.