CoffeeStop primarily sells coffee. It recently introduced a premium coffee-flavored liquor (BF Liquors). Suppose the firm faces a tax rate of 35% and collects the following information. If it plans to finance 13% 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 4.6%, a risk-free rate of 3.6%, and a market risk premium of 6.6%. % Equity Beta % Debt CoffeeStop BF Liquors 0.62 95% 5% 0.22 87% 13% Note: Assume that the firm will always be able to utilize its full interest tax shield. The weighted average cost of capital is (Round to two decimal places.)