Your company currently has a bond issue outstanding with 8 years to maturity, a face value of $1,000 that trade for $985. The total face value amount outstanding is $7,990,000 and the expected return on the bonds is 3.25%. Your company has 683,000 shares of common stock outstanding. The shares have a beta of 1.60, and currently sells for $12/share. Treasury bills yield 1.66% and the expected rate of return on the S&P 1,500 index is 6.30%. The corporate tax rate is 24%. What is your company's wacc? (answer in percent, but without the percent sign)