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The current stock price for a company is $34 per share, and there are 3 million shares outstanding. The beta for this firms stock is

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The current stock price for a company is $34 per share, and there are 3 million shares outstanding. The beta for this firms stock is 1.4, the risk-free rate is 4.3, and the expected market risk premium is 5.6%. This firm also has 190,000 bonds outstanding, which pay interest semiannually. These bonds have a coupon interest rate of 10%, 21 years to maturity, a face value of $1,000, and a current price of 1132.70. If the corporate tax rate is 38%, what is the Weighted Average Cost of Capital (WACC) for this firm? (Answer to the nearest hundredth of a percent, but do not use a percent sign)

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