CoffeeStop primarily sells coffee. It recently introduced a premium coffee-flavored liquor (BF Liquors). Suppose the firm faces a tax rate of 38% and collects the following information. If it plans to finance 15% 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 5.1%, a risk-free rate of 3.6%, and a market risk premium of 5.5%. Beta % Equity % Debt CoffeeStop 0.62 96% 4% BF Liquors 0.26 85% 15% Note: Assume that the firm will always be able to utilize its full interest tax shield. The weighted average cost of capital is enter your response here%. (Round to two decimal places.)