Leapinge Ltd has asked you to estimate the WACC for their company. You have collected the following information:

• The return on risk-free Australian Government Bonds is 3% p.a.
• Leapinge Ltd has 96,000,000 shares outstanding and its shares are currently trading at $5.50 per share.
• The beta of Leapinge is 0.7, and the expected return on the market is 13%.
• Leapinge Ltd also has $733 million in corporate bonds. These bonds have a variable interest rate which is currently 9.8% compounded annually.
• The company faces a tax rate of 35%.

Calculate the Weighted Average Cost of capital for Leapinge Ltd. Enter your answer in a decimal format to six decimal places (0.123456 not 12.3456%)