Marie Corp. has $1586 in debt outstanding and $2550 in common stock (and no preferred stock). Its marginal tax rate is 40%. Marie's bonds have a YTM of 5.0%. The current stock price (Po) is $49. Next year's dividend is expected to be $2.90, and it is expected to grow at a constant rate of 7% per year forever. The company's W.A.C.C. is ____%. Round your final answer to 2 decimal places (example: enter 12.34 for 12.34%), but do not round any intermediate work in the process. [Note: Correct answer feedback may show more than 2 decimal places, but you should still follow instructions above for entering your answers.]