WRX Corp. has an equity beta of 1.20, a market value debt-to-equity ratio of 0.50, debt that is rated AAA, and a tax rate of 21%. Compute WRX Corps weighed average cost of capital (WACC) assuming that the current risk-free rate is 5%, the expected return on the market portfolio is 12%, and the current market price of 7.5% AAA bonds, with par values of $1000 maturing in 12 years is $1200. Assume that the bond makes annual coupon payments. Enter your answer as a percent; do not include the % sign. Round your final answer to two decimals.