6. Calculate the WACC for the following situation. Show your calculations in detail. Borrow 10 million Bank Loan Monthly payments 8% annual rate. Issue 15 million in Common Stock Earnings per share 45 cents Price per share 26.00 dollars Issue 10 million in Preferred Stock Dividend per share 10 dollars Price per share 220 dollars Cost of selling each preferred share 3 dollars Use 12 million in Retained Earnings Income tax rate 35%