You are given the following information concerning Baron Co. Calculate the WACC for Baron Co. Debt: 14,669 5% coupon bonds outstanding, quoted at 105, with 20 years to maturity. These bonds pay interest semiannually. Common Stock: 350,000 shares common stock selling for $50.73 per share. The stock has a beta of 1.24. Preferred Stock: 10,000 shares of preferred stock with a dividend of $5.20 per share. It is currently selling at $100.19 per share. Market: The market premium is 7.5%, and the risk-free rate of return is 2.5%. tax bracket = 35% Baron's WACC = % (Round your answer to two decimal places in percentage. For example, if your answer is 0.0547, input your answer as 5.47.)