Raisin Bran Inc., has 13,324 bonds with a 2.49 percent coupon outstanding, $1,000 par value, 10 years to maturity, selling at par; the bonds make semiannual payments. The company has 593,890 shares of common stock outstanding, selling for $91.54 per share; the beta is 1.59. The expected return on the market is 10.34 percent and the risk-free rate is 1.84 percent. The company also has 61,585 shares of 3.06 percent preferred stock outstanding, currently selling for $32.17 per share. Assume the companys tax rate is 22 percent, what is its WACC? [Enter the final answer in as a percent with two decimals (e.g. 5.55%)]