Zombie Manufacturing Company is expected to pay a dividend of $4.83 in the upcoming year. Dividends are expected to grow at 6.6% per year. The risk-free rate of return is 2.9%, and the expected return on the market portfolio is 8.9%. Investors use the CAPM to compute the market capitalization rate and use the constant-growth dividend discount model to determine the value of the stock. The stock's current price is $84. What is your estimate for the market capitalization rate of this asset? Enter answer in percents to two decimal places.