Badger Corp. has an issue of 8% bonds outstanding with 6 months left to maturity. The bonds are currently priced at $1,007, and pay interest semiannually. The firms marginal tax rate is 40%. The estimated risk premium between the companys stock and bond returns is 7%. The firm expects to maintain a capital structure with 40% debt and 60% equity going forward. The companys W.A.C.C is _________%.