1. (Ch 8) Lis company has 5 million shares of stock outstanding. The stock currently sells for $30 per share. Its debt is publicly traded and was recently quoted at 113:15. It has a total face value of $5 million, and the current YTM is 12 percent. Also, the company has a preferred stock that worth 0.5 million in total with a dividend of 0.5 and a price of $10. The risk-free rate is 8 percent, and the market risk premium is 7 percent. Youve estimated that Lis company has a beta of 1.1. If the corporate tax rate is 21 percent, what is the WACC of Lis company