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Firm UVW has a face debt value of $20 Million USDs trading at 88% with a pre-tax weighted cost of 6%. Firm UVW's common equity

"Firm UVW has a face debt value of $20 Million USDs trading at 88% with a pre-tax weighted cost of 6%. Firm UVW's common equity for the year was valued at $50 Million of USDs and preferred equity for $6 Million of USDs. The Preferred equity rate was calculated to be 18%. However, the common equity was to be calculated using CAPM approach, with a 2.5% risk free rate and a 10% market risk premium rate, assuming a Beta of 1.03. If the tax rate is 30%, what is Firm UVW s WACC? Express your answers in strictly numerical terms. For example, if the answer is 5%, write 0.05"

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