FINM1416 Question 10 Leapinge Ltd asked you to estimate the WACC for their company. You have collected the following information: The return on risk-free Australian Government Bonds is 3% p.a. Leapinge Ltd has 39,000,000 shares outstanding and its shares are currently trading at $5.50 per share. The beta of leapinge is 1, and the expected return on the market is 13% Leapinge Ltd also has $245 million in corporate bonds. These bonds have a variable interest rate which is currently 8.8% compounded annually. The company faces a tax rate of 35%. Calculate the weighted Average Cost of capital for Leapinge Ltd. Enter your answer in a decimal format to six decimal places (0.123456 not 12.3456%)