A company has 300,000 shares of 5% $100 par value per share preferred stock outstanding which is selling for $98 per share. The company has 500,000 shares of common stock outstanding selling for $75 per share that carries a beta risk of 2. The company has 10,000 $1,000 par value bonds selling at 104% of par value with a calculated YTM of 7% before taxes. The companys tax rate is 21% and the current market risk premium is 6% along with a current risk-free rate of 2%. What is the companys Weighted Average Cost of Capital? You must show your computations to receive full credit.