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 companys beta is 1.25 with a riskfree 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 companys WACC.