Currently, Meyers Manufacturing Enterprises (MME) has a capital structure consisting of 35% debt and 65% equity. MME's debt currently has a 6.5% yield to maturity. The risk-free rate (rRF) is 4.5%, and the market risk premium ( rMrRF) is 5.5%. Using the CAPM, MME estimates that its cost of equity is currently 11.2%. The company has a 25% tax rate. Based on the information above, answer the following 6 questions. 5. What would be the company's new WACC (in \%) if it adopted the proposed change in capital structure? Do not round intermediate calculations. Round your answer to two decimal places. Enter numbers ONLY. Do not enter the percentage sign (\%). For example, if your calculated result is 12.34%, just enter 12.34 Refer back to the WACC equation to determine data needed to solve it. Realize that the debt's yield to maturity is rd in the WACC equation. Don't forget to tax adjust the cost of debt in the WACC equation for the tax deductibility of interest. Be careful to use new capital structure weights and costs in the WACC equation to solve for the firm's WACC under the proposed capital structure changes