MowTek Ltd has asked you to estimate the WACC for their company. You have collected the following information:

- MowTek Ltd has 144,000,000 shares outstanding.

- MowTek Lts shares has just paid a dividend and pays a constant dividend of $1.24/yr.

- The beta of Leapinge is 0.9, and the expected return on the market is 13%. Leapinge Ltd also has $782 million in corporate bonds. These bonds have a variable interest rate which is currently 7.7% compounded annually.

- The company faces a tax rate of 30%.

- The market risk premium is 6% and the return on risk-free Australian Government Bonds is 2% p.a.

Calculate the Weighted Average Cost of capital for Leapinge Ltd. Enter your answer in a decimal format to six decimal places (0.123456 not 12.3456%)