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Ace Company has the following capital structure. They issued 3 , 2 5 0 bonds that currently sell for 1 0 1 . 2 5

Ace Company has the following capital structure. They issued 3,250 bonds that currently sell for 101.25 with a coupon rate of 5% that mature in 9 years. They also issued 12,000 shares of 8% preferred stock at $90, which currently sells for $85. The market return is expected to be 13% and the company's beta is 1.25 with a risk-free rate of 7%. They sold 225,000 shares of common stock that currently sells for $17.50. The company has a 21% tax rate. Please calculate the company's WACC.
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