Miller Exploration has a target debt-equity ratio of 0.4. Its cost of equity is 20 %, and its cost of debt is 11 %.

If the tax rate is 38 %, what is Millers WACC?(Answer should be in decimal form with the zero in front of the decimal. Round answer to 4 decimal places, round any intermediate calculations to 5 decimal places, round interest rates and weights in their decimal form).