You have the following information to calculate appropriate WACC for company XYZ.

The current price per share is 118$, book value per share is 22.79$ and consensus target price is 135$. The current number of shares is 528.6 Million. The risk free rate 1.60% and the10 year government bond yield is 2.80%, the market risk premium 5.5% for the market and the Beta of the stock is 0.67. The current tax rate is 22%. The net debt is 11,889Million $. The company has a rating A+, which implies a spread of 80 basis point over the 10 year govt bond.

Please, write your answer using two decimals and do not include the percentage symbol (for example 7.45% would be 7.45)