1.EEC Corporation's balance sheet shows $300 million in debt, $50 million in preferred stock, and $650 million in total common equity. EEC's tax rate is 40%, r_d = 8%, r_ps = 7.5%, and r_s = 12%. If EEC has a target capital structure of 25% debt, 5% preferred stock, and 70% commons stock, what is its WACC?