Madison Motors has provided you the following information:

The yield to maturity on their newly issued debt is 7.5%

Their common stock has an equity beta of 1.84

T-Bills are returning 2.6%, and the Dow Jones Industrial market index is returning 6%.

The company's preferred stock is selling for $25.47 and pays an annual dividend of $2.41

The company's capital structure is composed of 55% common equity, 40% debt and the remainder in preferred stock.

The company's tax rate is 34%

Based on the information given, what is Madison Motors' WACC?

Enter your answer as a decimal with a leading zero and 4 decimal places of precision (i.e 0.1234)