Here is some information about Stokenchurch Inc.:

Beta of common stock = 1.9

Treasury bill rate = 4%

Market risk premium = 8.2%

Yield to maturity on long-term debt = 5%

Book value of equity = $510 million

Market value of equity = $1,020 million

Long-term debt outstanding = $1,020 million

Corporate tax rate = 21%

What is the companys WACC? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)