When looking at the financial statement analysis on Gold Limited ("Gold"), you see it has a target debt-to-equity structure of 0.75. Gold's shares currently trade at $6.60. Dividends paid last year were $0.50 and this is expected to grow at 3% per year to perpetuity. Its pre-tax cost of debt is 8%. Market research also revealed as follows: Inflation rate = 2% Yield on government securities = 4% Market risk premium = 6% Tax rate = 20% Solve for Gold's weighted average cost of capital.