Blenheim Ltd. has 6 million shares of common stock outstanding, 3 million shares of preferred stock outstanding, and two bonds outstanding.

The current share price of the common stock is $18, and the book value per share is $10.58. The most recent dividend paid was $2.4 and the dividend growth rate is expected to be 2%.

The preferred stock is currently selling for $16 per share now. A constant dividend of $1.2 is expected to be paid annually forever.

The first bond issue has a face value of $70 million, has a 7 percent coupon, and sells for 93 percent of par. The second issue has a face value of $55 million, has an 8 percent coupon, and sells for 104 percent of par. The first issue matures in 21 years, the second one in 6 years. The first bond has a YTM of 7.68%, the second bond has a YTM of 7.17%.

The tax rate is 20%. What is the companys WACC?