California Co. has current stock price of 30.00 share with 3 million shares outstanding. Their cost of common equity is 12%. They have $25,000,000 in long-term debt on the balance sheet, but no short-term debt. The after-tax cost of debt is 6%. The firm also has $1,000,000 of preferred stock with a required return of 9%. What is their WACC? Please show work