ABC Bank has a target debt to equity ratio of 2.5 and currently does not have any preferred stock outstanding.The cost of debt for ABC is 9 percent and the appropriate tax rate is 35 percent.ABC's common stock is currently trading for $52 per share and is expected to pay a dividend of $3 next year.In addition, the market expects dividends to grow at a rate of 3 percent indefinitely.What is the WACC for ABC?