2. AAC Inc. currently has $300 million in debt (bonds), $100 million in preferred stock, and $600 million in common stock. The current capital is the firm's target capital structure. Use the following information The bonds are currently selling at $955 with a remaining maturity of 8 years and the coupon rate is 6.5% paid annually. The preferred stock is selling at $25 per share and its perpetual dividend is $2 per share. The common stock's beta is 2.4 and the risk-free rate is 4%. The market risk premium is 5%. The firm's tax rate is 40%. Find the firm's WACC. (10 pts)