Baba Rafis bonds will be sold 10-year bonds paying 5% coupon per year at the market price of $1060 (firms tax rate is 40%). Per value would be $1000 for the bonds. Preferred stock paying a $2 dividend can be sold for $30. Common stock for is currently selling for $50 per share. The firm paid a $4 dividend last year and expects dividends to continue growing at a rate of 10% per year. Flotation costs of issuing new common stock will be $6 per share. Calculate the WACC of BR?