Suppose a firm has 10.4 million shares of common stock outstanding with a par value of $1 per share.The current market price per share is $12.The firm has outstanding debt with a par value of $56 million selling at 102% of par.Debtholders of the firm require a 6% return.The risk free rate is 3%.The firm's beta is 0.8The expected return on the market is 7%.The corporate tax rate is 33.3% What is the firm's weighted average cost of capital (WACC)?