Skolits Corp. has a cost of equity of 11.7 percent and an aftertax cost of debt of4.47 percent. The company's balance sheet lists long-term debt of $345,000 and equity of $605,000. The company's bonds sell for 104.3 percent of par and market-to-book ratio is 2.83 times. If the company's tax rate is 40 percent, what is the WACC?