ABC Corp. has obtained the financing by issuing bonds and stocks. It has Just issued 30,000 zero-coupon bonds with 5 years of maturity. Each bond has the face value of $1,000 and sells at $850 now. ABC Corp has issued 1 million of common stocks and each stock sells at $32 now with a beta of 1.1. The market risk premium is 6% and the risk-free rate is 3% per annum, It has also Issued 100,000 preferred stocks, Each preferred stock pays $3 at the end of every year and sells at $30 now. With tax rate of 21%, what is the weighted average cost of capital for the company?