11) (6 pts) Hatch Corporation's target capital structure is 30 percent debt, 60 percent common stock, and 10 percent preferred stock. Information regarding the company's cost of capital can be summarized as follows: - The company's bonds sell at 102.5 and have a 6% coupon paid semi-annually. The face value of the bonds are $1000 and mature in 18 years. - The company's perpetual preferred stock sells for $83 a share and has a 5.8% annual dividend. The preferred stock has a face value of $100. - The company's common stock has a beta of 1.3. The risk-free rate is 3.5% and the market risk premium is 7.8%. - The company's tax rate is 23 percent. What is the company's weighted average cost of capital (WACC)