Mullineaux Corporation has a target capital structure of 55 percent common stock and 4 percent preferred stock, with the remaining percent in debt. Its cost of equity is 9 percent, the cost of preferred stock is 4 percent, and the pretax cost of debt is 6 percent. The relevant tax rate is 35 percent. What is Mullineaux's WACC? (Enter your answer as a percentage, omit the "%" sign in your response, and round your answer to 2 decimal places. For example, 0.12345 or 12.345% should be entered as 12.35.)