General Lithograph Corporation uses no preferred stock. Their capital structure uses 36% debt (hint: the rest is equity). Their marginal tax rate is 39.23%. Their before-tax cost of debt is 3.33%. General Lithograph's stock has a beta of 3.14. The current risk-free rate is 1.18%, and the overall market is expected to return 7.8% over the long-run. 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).