A financial analyst has collected the following information regarding Christopher Co: The company's capital structure is 60% equity, 40% debt. The yield to maturity on the company's bonds is 9%. Risk-free rate (rf) is 6%. The average rate of return on the market (rm) is 12%. The company's beta is 1.4. The company's tax rate is 40%. Because it has insufficient cash flow available from retained earnings, the company will have to issue new common stock this year to finance all expansion projects. There are no flotation costs. Hint: use the Capital Asset Pricing Model (CAPM) to estimate the cost of equity. Task: Given this information, calculate the company's WACC. [WACC = wdrd(1-T) + wsrs].