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Ramblin Wreck is a firm specializing in engineering components. The firm is publicly traded and is considering the following project: The project will last 5.00 years with an annual cash flow of $40.00 million. The project will require an initial investment of $140.00 million The firm must determine the cost of capital to evaluate the project. (The project is within the firm's nomal activities) Aamblin Wrock, Inc, Financial Data: The risk free rate in the economy is currently 2.00%, while investors have a market risk premium of 6.00%. Ramblin Wreck, Inc. has a beta of 1.42. The tax rate is 30.00%. What is the WACC for the project? Answer format: Percentage Round to; 2 decimal places (Example: 9.24\%, % sign required. Wil accept decimal format rounded to 4 decimal places (ex; 0.0924))