New Energys capital structure today is $1,347 million in Long Term Debt and $1,655 million in Common Equity. If its debt were issued today, New Energy would pay an interest rate of 8.2%/year (before tax). New Energys Cost of Equity is estimated to be 12%/year. Given a tax rate of 30%, what is New Energys Weighted Average Cost of Capital (WACC)?