$(20$ points$)$ The England Bank has the following financing outstanding

a$.$ Debt

$76,000$ bonds with a coupon rate of $7\mathrm{.}2\%$ and a current price of $$975.$ The bonds have $22$ years to maturity

ii$.186,000$ zero coupon bonds with a price of $$425$ and $22$ years to maturity.

b$.$ Preferred stock$-225,000$ shares with a $$9\mathrm{.}75$ dividend and a current price of $$85$

c$.$ Common Stock $1,975,000$ shares at a price of $$69$ and an equity beta of $0\mathrm{.}95$

The firm's tax rate is $28\%,$ the market risk premium is $6\mathrm{.}7\%,$ and the risk$-$free rate is $3\mathrm{.}2\%.$ What is the WAOC for bank?