Question: Pullen Enterprises is estimating its cost of capital for the first time and has made the following estimates. The firm's debt carries a AAA rating and is currently yielding 6.8%. The firm pays taxes at a rate of 31%. The cost of equity is estimated to be 17.7%. The firm's debt is equal to 33% of its enterprise value. What is Pullen's WACC? Please answer in decimal form to 4 decimal places.