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General Lithograph Corporation uses no preferred stock. Their capital structure uses 28% debt (hint: the rest is equity). Their marginal tax rate is 28.13%. Their

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General Lithograph Corporation uses no preferred stock. Their capital structure uses 28% debt (hint: the rest is equity). Their marginal tax rate is 28.13%. Their before-tax cost of debt is 6.37%. General Lithograph's stock is expected to pay a dividend per share of $1.62 next year, and their dividend is expected to grow at 6.75% over the long-run. Their stock currently trades at $32.52 per share. What is General Lithograph's weighted average cost of capital (WACC)? Please enter without using the "%", but with two decimal places (in other words if you calculate 9.87%, then just enter 9.87)

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