Given the following, calculate the WACC. Target Capital Structure is 70% Common stock and 30% Bonds Company has 5% coupon bonds that pay interest annually with a face of $1,000 and a current price of $1,050 that mature in 10 years. The company's beta is 1.4, the risk free rate is 3% and the market risk premium [E(Rm) - Rf] = 6% Assume a tax rate of 20% Round your answer to 2 decimal places.