Company A is financed by 29% of debt and the rest of the company is financed by common equity. The company’s before-tax

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Company A is financed by 29% of debt and the rest of the company
is financed by common equity. The company’s before-tax cost of debt
is 3.1%. Currently the risk-free rate is 1.1%, the market risk
premium is 6%, and the stock has a beta of 1.4. If company A faces
a marginal tax rate of 30%, its weighted average cost of capital
(WACC) should be _____. (Note: Round your answer as decimals with
three decimal places. For example, if your answer is 8.7%, you
should write 0.087 in the answer box.