Rogers Rattlesnake Ranch uses no preferred stock. Their capital structure uses 33% debt (hint: the rest is equity). Their marginal tax rate is 30.53%. Their before-tax cost of debt is 2.81%. Rogers Rattlesnake Ranch's stock has a beta of 1.29. The current risk-free rate is 1.97%, and the overall market is expected to return 9.37\% 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)