Rogers Rattlesnake Ranch uses no preferred stock. Their capital structure uses 23% debt (hint: the rest is equity). Their marginal tax rate is 39.33%. Their before-tax cost of debt is 5.32%. Rogers Rattlesnake Ranch's stock has a beta of 0.86. The current risk-free rate is 1.26%, and the overall market is expected to return 9% over the long-run. What is Rogers Rattlesnake Ranch's weighted average cost of capital (WACC)? Please enter without using the "%". but with two decimal places in other words if you calculate 9.87%, then just enter 9.87)