Hammond/Lauderdale Corporation uses no preferred stock. Their capital structure uses 73% debt (hint: the rest is equity). Their marginal tax rate is 30.11%. Their cost of equity is 8.86%, and their before-tax cost of debt is 6.63%. What is Hammond/Lauderdale'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)