A corporation has 11593 bonds outstanding with a 8% annual coupon rate, 8 years to maturity, a $1,000 face value, and a $1240 market price. The companys 250654 shares of preferred stock pay a $13 annual dividend, and sell for $43 per share. The companys 800251 shares of common stock sell for $25 per share and have a beta of 0.94. The risk free rate is 6%, and the market return is 14%. Assuming a 40% tax rate, what is the companys WACC?