A company has 210,000 shares of common stock outstanding with a market price of $57.50. The firm's beta is calculated at 1.35, the risk-free rate is 4.5%, and the market risk premium is 10.5%. Calculate the weighted average cost of capital (assume kD after taxes).

Debt - $1,500,000 - 9% Preferred Stock - $6,000,000 - 15% Retained Earnings - $850,000