Marie Corp. has $1526 in debt outstanding and $2474 in common stock (and no preferred stock). Its marginal tax rate is 40%. Marie's bonds have a YTM of 7.5%. The current stock price (Po) is $49. Next year's dividend is expected to be $2.41, and it is expected to grow at a constant rate of 5% per year forever. The company's W.A.C.C. is ____%.