A firm has a bonds with 10 years to maturity, and a coupon rate of 8% (paid semi?annually). The bond currently sells for $932. The firm has a beta of 1.2. The stock price is $20/share. 3?month treasury bills yield 5%. The firm has outstanding, $10 million in debt at face value and there 1 million shares of common stock outstanding. Assume that the market risk premium is 5% and the tax rate is 35%. Calculate the WACC.