CoffeeStop primarily sells coffee. It recently introduced a premium coffee-flavored liquor (BF Liquors). Suppose the firm faces a tax rate of 22% and collects the following information. If it plans to finance 10% of the new liquor-focused division with debt and the rest with equity, what WACC should it use for its liquor division? Assume a cost of debt of 5.4%, a risk-free rate of 2.9%, and a market risk premium of 5.3%. % Debt CoffeeStop % Equity 96% 90% 4% 10% BF Liquors Note: Assume that the firm will always be able to utilize its full interest tax shield. Beta 0.59 0.26 The weighted average cost of capital is%. (Round to two decimal places.)