At 2018 ABI Construction has a face debt value of 25.60M trading at 91% with a pre-tax weigthed cost of 4.62%. ABI common equity for the year was valued at 89.09M and preferred equity for 12.68M. The Preferred equity rate was calculated to be 7.40%. However, the common equity was to be calculated using CAPM approach, with a 3% risk free rate and a 7% market risk premium rate, assuming a 1.56 Beta. If the tax rate is 44%, What is this firm's WACC? NOTE: Answer in percentages. That is, if your answer is 90% or 0.90, you should answer 90.00, not 0.90