10 pts You are given the following information for Forgewood Associates. Assume the company's tax rate is 25 percent. Debt: 3,500 par value bonds with a 20-year maturity, 9.2% annual coupon, which are currently selling for 105 percent of par. Common stock: 1M shares outstanding, selling for $25 per share, and a fixed dividend of $2.50 per year. Preferred stock: 200K shares of preferred stock with a 6 percent required return, currently selling for $150 per share. What is the company's WACC? (Hint: Follow the 3 steps, in order, for computing WACC) INPUT YOUR FINAL ANSWER AS A WHOLE NUMBER PERCENTAGE WITH TWO DECIMAL PLACES. Example: 11.65 (not 0.1165)