Fusion Packaging is financed with 55% equity and 45% debt. The required rate of return on its debt is 4.4% and 12% on its equity. If the tax rate is 25%, what is Fusion's weighted-average cost of...

Fusion Packaging is financed with 55% equity and 45% debt.  The required rate of return on its debt is 4.4% and 12% on its equity.  If the tax rate is 25%, what is Fusion's weighted-average cost of capital?

Enter your answer as a percentage rounded to 2 decimal places.