An analyst has collected the following information regarding StarLight Inc.: - The company's capital structure is 55 percent equity and 45 percent debt. - The yield to maturity on the company's bonds is 9 percent. - The company's year-end dividend is forecasted to be $1.29 a share. - The company expects that its dividend will grow at a constant rate of 6 percent a year. - The company's stock price is $21. - The company's tax rate is 31 percent. - The company anticipates that it will need to raise new common stock this year, and total flotation costs will be $10. Assume the company accounts for flotation costs by adjusting the cost of capital. Given this information, calculate the company's WACC