What is the weighted-average cost of capital for SKYE Corporation given the following information?

Equity shares outstanding	1	million
Stock price per share	$ 35
Yield to maturity on debt	7.68%
Book value of interest-bearing debt	$14	million
Coupon interest rate on debt	9%
Interest rate on government bonds	7%
SKYEs equity beta	0.75
Historical excess return on stocks	7.0%
Tax rate	40%

Note: Enter your answer to 1 decimal place.

Weighted-Average Cost of Capital

%