Basiscu Small Airplane Manufacturing Company (BSAMC) has 14 million shares of common stock and 900,000 shares of preferred stock outstanding. The company has 210,000 semi-annually bonds outstanding with 10% coupon rate, and par value of $1,000. The bond coupon payments are paid semi-annually. The common stock currently sells for $34 per share and has a beta coefficient of 1.15. The preferred stock currently sells for $80 per share, and the bonds have 17 years to maturity and sell for $910 per bond. The preferred stock pays preferred dividend of $2.25 per share/quarter. The market risk premium is 11.5 percent, the rate of return on risk free asset is 7.5 percent, and BSAMC's tax rate is 32 percent. What WAAC should BSAMC apply to a new project's cash flows if the project has the same risk as BSAMC 's typical project?