$2$: ABC Corporation has $10,000$ bonds outstanding with $6\%$ annual coupon rate, $8$ years to maturity and $$1,000$ face value and $1,100$ Market price. The company's $100,000$ share of preferred stock that pays $$3$ annual dividend and sell for $$30$ per share. The Company's $500$;$000$ shares of common stock sell for $$25$ per share and have a beta of $1\mathrm{.}5.$ The risk$-$free rate is $4\%,$ and the market return is $12\%.$ Assuming a $40\%$ tax rate, what is the company's WACC? $(8$points$)$