Geo Company plans to invest several million dollars in new projects. Geo's target capital structure and other information is given below: Debt (Bonds) 47% Preferred stock 12% Common equity (Retained earnings) 41% The company's tax rate is 40%. After-tax cost of debt=5.0%, I'ps= 6.5%, and I's=14.0%. What is the company's WACC (Weighted Average Cost of Capital)? (Calculate up to two decimal places, enter answer without percentage sign e.g. 5.10)