Badger Corp. has an issue of 6% bonds outstanding with 6 months left to maturity.The bonds are currently priced at $1009.69, and pay interest semiannually.The firm's marginal tax rate is 40%.The estimated risk premium between the company's stock and bond returns is 4%. The firm's expects to maintain a capital structure with 40% debt and 60% equity going forward.The company's W.A.C.C. is ____%.Round yourfinalanswer to 2 decimal places (example: enter 12.34 for 12.34%), butdo not roundanyintermediate work in the process.