AAA company just paid a dividend of $1.26 on each of its 1,000,000 common shares outstanding. The capital structure of the company includes 40% debt and 60% common stock. It is taxed at a rate of 21%. The market price of the common stock is $40 and dividends are expected to grow at a rate of 6% per year for the future. The company has $1,000-par-value, 10% coupon, 10-year bonds and 8% YTM. What is the WACC? For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac)