General Lithograph Corporation uses no preferred stock. Their capital structure uses 50% debt (hint: the rest is equity). Their marginal tax rate is 28.16%. Their before-tax cost of debt is 4.15%. General Lithograph's stock paid a dividend per share of $1.04 last year, and their dividend is expected to grow at 2.85% over the long-run. Their stock currently trades at $78.22 per share. What is General Lithograph's weighted average cost of capital (WACC)? Please enter without using the "%", but with two decimal places
