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Wanda's Wild Waterparks wants to know what rate it should use to discount the cash flows generated by its assets. You have calculated Wanda's Wild

Wanda's Wild Waterparks wants to know what rate it should use to discount the cash flows generated by its assets. You have calculated Wanda's Wild Waterparks' beta of assets as 0.4. If the risk free rate is 3.3% and the expected return on the market is 11%, what rate should Wanda's Wild Waterparks use to discount the cash flows of the assets? (please express your answer as a percentage with at least one decimal place excluding the percentage so if your answer is 10.1%, please write 10.1)

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