Shi import-Export's balance sheet shows $300 milion in debt, $50 million in preferred stock, and $250 million in totai common equity, Shi's tax rate is 25%, Id =8%,fp=5.1%, and r1=13%. If Shl has a target capital structure of 30% debt, 5% preferred stock, and 65% common stock, what is its WACC? Round your andwer to two decimal places