Circle 912 has $500,000 in outstanding long-term debt. C-912 has a limited amount of preferred stock shares outstanding (25,000) valued at $3.800 per share. Currently, Circle 912s common stock is valued at $9.90 per share. The firm has 200,000 shares outstanding and 250,000 shares authorized.

The firms tax rate is 21% and they recently reported total assets of $2.75 million. The firms preferred stock shares have a required return of 11.73%, long-term debt has a required return of 7.80%, and their common stock has a required return of 15.15%. Determine the firms weighted average cost of capital (WACC).