ABC recalculates its WACC every year. Based on the facts below, calculate its current WACC. I. 250,000 common shares are outstanding with a current market price of $95 per share. II. The market premium on the shares is 7% III. There are 10,000 units of 7% semi-annual coupon bonds outstanding that come due in 15 years. They have a par value of $1,000 and are selling at 96% of par. IV. Calculus Beta is 1.2 V. The marginal tax is 34% The risk free rate is 5%