9. Hatch Corporations target capital structure is 40 percent debt, 50 percent common stock, and 10 percent preferred stock. The companys bonds have a yield to maturity of 7 percent. The companys preferred stock return is 9.5%. The companys common stock sells for $28 per share and is expected to pay a dividend of $2.00 per share at the end of the year. The dividend is expected to grow at a constant rate of 7 percent per year. The firms tax rate is 40 percent. What is the companys WACC?