Burleigh's has a debt-equity ratio of 0.55, a beta of 1.18, a stock price of $39 a share, and a tax rate of 35 percent. The firm just paid an annual dividend of $2.32 a share and plans to increase that amount by 2 percent annually. The firm has a pre-tax cost of debt of 8.1 percent. The risk-free rate is 4.3 percent, and the market rate of return is 13.6 percent. What is Burleigh's WACC?



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