8. Use the information below on Milner Sisters Inc. to answer the problems below: Common Stock Milner Sisters has 50,000 shares of common stock outstanding at a market price of $28 a share. Currently, the firm has a beta of 1.13. The risk-free rate is 3% and the market rate of return is 10.5 %. Debt Outstanding bonds mature in 13 years; have a total face value of $750,000; a face value per bond of $1,000 and a market price of $1,011.92 each. The bonds pay 7% coupons, semi-annually. The tax rte is 34%. Preferred Stock The firm has 2,000 shares of 6% preferred stock outstanding at a price of $54 a share. The preferred stock has a par value of $100. What is Milners WACC? Identify all numbers and show all work.