Assume that you are on the financial staff of Vanderheiden Inc., and you have collected the following data: The yield on the companys outstanding bonds is 8.0%, its tax rate is 35%, the next expected dividend is $0.70 a share, the dividend is expected to grow at a constant rate of 5.00% a year, the price of the stock is $27.50 per share, the flotation cost for selling new shares is F = 8%, and the target capital structure is 30% debt and 70% common equity. What is the firm's WACC, assuming it must issue new stock to finance its capital budget?