A firm has 1 million shares of common stock outstanding, each currently trading at $40. The firm's stock has a beta of 1.3. The firm also has 10,000 bonds outstanding, each with a $1,000 par value and an 8% annual coupon. The bonds mature in 22 years and currently sell for $1,101.23. You also know that the market risk premium is 8.6%, the return on U.S. Treasury bills is 4.5%, and the firm has a marginal tax rate of 34%. What is the firm's WACC?