ABC Corporation's Balance sheet shows the Common Equity figure of $500000 and the Total debt of $ 300000. ABC's outstanding bonds are selling at $1100, having the maturity of 15 yeas and the coupon rate of 9.5%. ABC just paid the dividend of $4 on its stock that is selling for $56 a share. The company is expected to grow by 8% for ever . Compute the WACC of ABC Corporation when it comes in the tax bracket of 38%.