Shi Import-Export's balance sheet shows $300 million in debt, $50 million in preferred stock, and $250 million in totat common equity. $4 's tax rate is 25%, rd = 75 , p.s 7.7%, and fs=14%. If Shi has a target capital structure of 30% debt, 5% preferred stock, and 65% common stock, what is its WACC? Round your answer to two decimal places