The following information (extracted from Yahoo! finance for Biogen Inc.). Assuming that the market risk premium is 8.8 % and the pre-tax cost of debt is 4.9 % calculate Biogen Inc's WACC (write this number as a decimal and not as a percentage, e.g. 0.11 not 11%. Round your answer to three decimal places. For example 1.23450 or 1.23463 will be rounded to 1.235 while 1.23448 will be rounded to 1.234) WACC Weights (capital structure) Information Date: 07/20/2020 Shares outstanding 166.090 (millions) Stock Price $ 283.4 Equity Debt $ $_5,954.8 (millions) _(millions) Cost Components Equity Beta 0.51 U.S. Treasury yield (10-year) 1.5 % Tax-rate? 25% %