The target weight for equity is 70% and the the target weight for debt is 30% for a company. The company has ten year outstanding bonds that have a yield to maturity of 6.8%. The firm's common stock paid an annual dividend of $1.80 yesterday and the common stock is currently selling for $70. Dividends are expected to grow at a constant rate of 6% and the corporate tax rate is 35%. What is the WACC for this firm? (Enter your answer to 4 decimal places as 0.XXXX)