Jedi Enterprises stock trades for $45 per share. It is expected to pay a $1.6 dividend at year end, and the dividend is expected to grow at a...

Jedi Enterprises stock trades for $45 per share. It is expected to pay a $1.6 dividend at year end, and the dividend is expected to grow at a constant rate of 2.1% a year. The before-tax cost of debt is 5.4%, and the tax rate is 35%. The target capital structure consists of 40% debt and 60% common equity. What is the company's WACC (in percent) if all the equity used is from reinvested earnings?