Raisin Bran Inc., has 18,757 bonds with a 5.48 percent coupon outstanding, $1,000 par value, 17 years to maturity, selling at par; the bonds make semiannual payments. The company has 225,802 shares of common stock outstanding, selling for $75.97 per share; the beta is 0.66. The expected return on the market is 11.86 percent and the risk-free rate is 2.18 percent. The company also has 62,105 shares of 2.49 percent preferred stock outstanding, currently selling for $40.4 per share. Assume the companys tax rate is 27 percent, what is its WACC?

[Enter the final answer in as a percent with two decimals (e.g. 5.55%)