Skolits Corp. has a cost of equity of 10.9 percent and an aftertax cost of debt of 4.71 percent. The company's balance sheet lists long-term debt of $385,000 and equity of $645,000. The company's bonds sell for 105.9 percent of par and market-to-book ratio is 3.07 times. If the company's tax rate is 40 percent, what is the WACC?