Currently, Pam's Petals Inc. (PPI) has a capital structure consisting of 30% debt and 70% equity. PPI's debt currently has a 7% yield to maturity. The risk-free rate (rRF) is 5.5% and the market risk premium (RPM) is 5%. Using the CAPM, PPI estimates that its cost of equity is currently 11.75%. The company has a 35% tax rate. PPI's financial staff is considering changing its capital structure to 45% debt and 55% equity. If the company went ahead with the proposed change, the yield to maturity on the company's bonds would rise to 8.75%. The proposed change will have no effect on the company's tax rate. What would be the company's new WACC if it adopted the proposed change in capital structure? Assume that the firm's beta under the new capital structure would be 1.4977.