Marie Corp. has $1740 in debt outstanding and $2817 in common stock (and no preferred stock).Its marginal tax rate is 30%.Marie's bonds have a YTM of 3.5%.The current stock price (Po) is $48.Next year's dividend is expected to be $2.61, and it is expected to grow at a constant rate of 7% per year forever.The company's W.A.C.C. is ____%.Round yourfinalanswer to 2 decimal places (example: enter 12.34 for 12.34%), butdo not roundanyintermediate work in the process.