Aquasource Limited is expected to: Pay a dividend per share at year end = 7 The dividend is expected to grow at a constant rate of 5.50% a year. The common stock currently sells for $60 a share. The before-tax cost of debt is 7.50%. Tax rate is 30%. The target capital structure consists of 45% debt and 55% common equity. What is the company's Weighted Average Cost of Capital (WACC)? Provide your answer as a percentage, rounding to nearest basis point (i.e. 10.77%)