Rogers Rattlesnake Ranch uses no preferred stock. Their capital structure uses 70% debt (hint: the rest is equity). Their marginal tax rate is 35.73%. Their before-tax cost of debt is 6.83%. Rogers Rattlesnake Ranch's stock has a beta of 2.21. The current risk-free rate is 0.47%, and the overall market is expected to return 9% over the long-run. What is Rogers Rattlesnake Ranch's weighted average cost of capital (WACC)? Please enter without using the "%", but with two decimal places (in other words if you calculate 9.87%, then just enter 9.87)