21) (Chapter 9 -Short Answer - 6 Points) The Capital structure for XYZ corporation is $1,000 in bonds, $500 in Preferred Stock, and $2,500 of common stock. The company pans to maintain its debt structure in the future. If the company's after-tax cost of debt is 5%, the cost of preferred stock is 8%, and the cost of common equity is 12%, what is the company's WACC? You must show your work to receive full credit