Calculate WACC for SVS SVS has 5 million common shares outstanding which sell for $24 per share. SVS management is expected to set the next annual dividend at $2.25 per share, and investors and analysts expect all future dividends to grow by 8% per year, indefinitely. The current risk-free rate is 5.5%, the expected return on the market is 11% and the stock has a beta of 2.2. SVS has 1 million shares of 5% preferred stock outstanding, selling at $44 per share. SVS has 150,000, 15-year, 9% bonds outstanding, currently selling at 112. SVS is in the 21% tax bracket and can take full advantage of any interest tax shields. Calculate the firm's WACC.