Avery Corporation's recently hired you as a consultant to estimate WACC. You have obtained the following information. (1) The firm's noncallable bonds mature in 10 years, have a 7.00% semi-annual coupon, a par value of $1,000, and a market price of $980.00. (2) The company's tax rate is 21%. (3) The risk-free rate is 3.50%, the market risk premium is 5%, and the stock's beta is 2.10. (4) The company has preferred stocks and the cost is 9%. If the target capital structure of the company consists of 30% debt, 10% of preferred stock, and the rest is common equity, what is its WACC?