Amazing Food Supermarkets' balance sheet shows $300 million in debt, $50 million in preferred stock, and $250 million in total common equity. The respective cost of the various components of its capital structure is as follows: after tax rd=4.56%,rps=8.64%, and rs=11.99%. If Amazing Food has a target capital structure of 32% debt, 6% preferred stock, and the balance in common stock, what is Amazing Food's weighted average cost of capital (WACC)? (answer positive number with two decimals and no percentage sign)