PT Company has 10 million shares of common stock outstanding. The current share

price is $60, and the book value per share is $6. It also has two annual coupon bonds

outstanding. The first bond issue has a face value of $70 million, has a 7% coupon

rate, and sell for 93 percent of par. The second issue has a face value of $50 million,

has an 8% coupon rate and sells for 103 percent of par. The first issue matures in 21

years; the second one matures in 6 years. The most recent dividend paid was $4 and

the dividend growth rate is 6%. The tax rate is 35%. What is the company's WACC? (4 Decimal Places)