Blue Thumbs stock has a beta of 1.2. The current t-bill yield (risk-free rate,Rf) is 5.5% and the expected return on the market portfolio (Rm) is 11.5%. The companys preferred stock pays an $8.50 per share dividend each year and the price of it is $88 per share. The yield to maturity of Blue Thumbs bonds is currently 9.7%. If Blue Thumb is in the 30% tax bracket, what is the companys WACC?

*please show work