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A corporation has 10,000 bonds outstanding with a 6% annual coupon rate, 8 years to maturity, a $1,000 face value, and a $1,100 market price. The company’s 100,000 shares of preferred stock pays a $3 annual dividend, and sell for $30 per share. The company’s 500,000 shares of common stock sell for $25 per share, have a beta of 1.5, the risk-free rate is 4%, and the market return is 12%.,, * Assuming a 40% tax rate, what is the company’s WACC? (show work please),