an analyst has collected the following information regarding Christopher Co:

the company's capital structure is 70% and 30% debt, YTM on company's bond is 9%, company's year end dividend is forecasted to be $.80 a share, the company expects a constant dividend growth rate of 9% a year, the company's stock price is $25, tax rate is 40%, the company anticipates that it will need to raise new common stock this year and flotation costs will equal 10% of the amount issued. Assume the company accounts for flotation costs by adjusting the cost of capital. Given this information, calculate the company's WACC.