A project is funded with both debt and equity. To fund this project, the firm issued 50 million shares at a price of $80 per share. The for the firm is 1.15. The risk premium on the market is 9% and the risk-free rate is 5%. The firm also issued $1 billion in total debt to fund this project. The bonds pay a coupon of 9% (per year) will mature in 15 years and currently trade for $110 per bond. The tax rate for the firm is 40%. What is the weighted average cost of capital (WACC) for the firm?