Source of Capital Market Values Bonds $3,800,000 Preferred Stock $1,700,000 Common Stock $6,200,000 RM will sell 10 year bonds paying 6.8% per year at the market price of $1,066. Preferred stock paying a $1.98 dividend can be sold for $25.76. Common stock for RM is currently selling for $54.15 per share and the firm paid a $2.91 dividend last year. Dividends are expected to continue to grow at at rate of 5.3$ per year into the indefinite future. If the firm's tax rate is 30%, RM's WACC is ________%(Round to three decimal places)