Megamundy, Inc. has an optimal capital structure of 40% debt and 60% equity. The firm's bonds, which have a $1000 par value, a coupon rate of 6.4% (semi-annual payments), and mature in 26 years, currently trade in the bond market for $816.75. Megamundy's common stock sells for $50.18 per share. The company's stock has a beta of 1.20, the expected return on the market portfolio (Rm) is 16%, and the risk-free rate (RN) is 2%. Megamundy's marginal tax rate is 27%. Based on this information, the weighted average cost of capital (WACC) for Megamundy, Inc. is Enter your answer as a percent rounded to ono decimal place, but do not include the percent sign