A firm has 10 million shares of common stock outstanding. The stock sells for $61.00 each. The stock just paid a dividend of $1 per share and has a dividend growth rate of 2.90%. The firm also has 500,000 bonds outstanding, with a face value of $1,000 each, a 10-year maturity and a 7.30% coupon (payable semiannually). The bonds sell for 82% of face value. Finally, the firm has 7 million shares of 5% preferred stock outstanding which currently sell for $96.00 each and have a par value of $80. The firm pays at a corporate income tax rate of 35%. What is the firm's WACC?