Information on Inkscape Co., is shown below. Assume the company's tax rate is 30 percent. The firm has no debt.
Common stock: 217,273 shares outstanding, selling for $93.8 per share; beta is 0.8.
Preferred stock: 24,836 shares of 5 percent preferred stock outstanding, currently selling for $104.9 per share.
Market: 8.55 percent market risk premium and 3.87 percent risk-free rate.
Calculate the WACC. Enter answer in percents
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