Sam's Sugarhouse would like to calculate its weighted average cost of capital. Sam has calculated the cost of equity using the CAPM to be 9.1% and the markets have indicated the cost of debt is 4.7%. The marginal tax rate for Sam's Sugarhouse is 31%. If the sugarhouse is financed 59% by debt and the rest by equity, what is the weighted average cost of capital for Sam's Sugarhouse? (please express your answer as a percentage showing at least two decimal points and excluding thepercentage sign so if your answer is 10.01% - please write your answer as 10.01)