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Blender Corporation has 3,000 bonds outstanding, each selling for $2,700 with a required rate of return of 7%. Blender has 5,000 shares of preferred stock

Blender Corporation has 3,000 bonds outstanding, each selling for $2,700 with a required rate of return of 7%. Blender has 5,000 shares of preferred stock outstanding, selling for $25 per share and 30,000 shares of common stock outstanding, selling for $17 per share. If the preferred stock has a required rate fo return of 12% and the common stock requires a 15% return, and the firm has a corporate tax rate of 35%, calculate the WACC adjusted for taxes.

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