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Rogers Rattlesnake Ranch uses no preferred stock. Their capital structure uses 50% debt (hint: the rest is equity). Their marginal tax rate is 20.27%. Their

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Rogers Rattlesnake Ranch uses no preferred stock. Their capital structure uses 50% debt (hint: the rest is equity). Their marginal tax rate is 20.27%. Their before-tax cost of debt is 3.88%. Rogers Rattlesnake Ranch's stock has a beta of 1.84. The current risk-free rate is 2.54%, and the overall market is expected to return 10% 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)

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