Given the following information and using CAPM to estimate the cost of equity with the assumption that the firm does not expect to issue any new common stock, calculate the firm's WACC. (Express your answer in decimal format with 4 decimal places i.e. 0.1234 and not as 12.34%) .

Coupon rate	8.00%
Maturity of Noncallable Bonds	20 years
Bond price	$1,050.00
Par value	$1,000
Tax rate	40%
rRF	4.50%
RPM	5.50%
beta (b)	1.20
Weight debt	35%
Weight equity	65%
Bond yield	7.51%