Answer the following question for Delaney Inc.

a. Stock in Delaney Inc. has a beta of 1.2. The market risk premium is 9 percent, and 10-year Treasury rates are currently yielding 4 percent. The current stock price is $50.

b. Delaney Inc., is trying to determine its cost of debt. The firm has bonds outstanding with a face value of $1,000 and with 19 years to maturity. They currently priced at $950. The issue makes semiannual coupon payments and has a coupon rate of 6%.

c. Delaney Inc. has 1 mil shares of common stock outstanding and 50,000 bonds outstanding. Its earnings are taxed at 35%. If the firm uses market values to determine the weights, what is the companys WACC?