A firm has 12,000 bonds outstanding with a 6% annual coupon rate, 12 years to maturity, a $1,000 face value, and a $1,300 market price. 1. The companys 100,000 shares of preferred stock pay a $4 annual dividend, and sell for $33 per share. 2. The companys 600,000 shares of common stock sell for $25 per share and have a beta of 1.8. The risk-free rate is 4%, and the market return is 12%. 3. Assuming a 35% tax rate, what is the companys WACC?