Bama Corporation uses no preferred stock. Their capital structure uses 64% debt (hint: the rest is equity). Their marginal tax rate is 36.65%. Their before-tax cost of debt is 3.06%. Bama's stock is expected to pay a dividend per share of $0.68 next year, and their dividend is expected to grow at 6.51% over the long-run. Their stock currently trades at $72.04 per share. What is Bama's weighted average cost of capital (WACC)? Please enter without using the "%", but with two decimal places (in other words if you calculate 9.87%, then just enter 9.87).