Consider the case of Kuhn Co. Kuhn Co, is considering a new project that will require an initial invettment of $45 million. It has a target capital structure of 35% debt, 2% preferred stock, and 63% common equity, Kuhn has noncallable bonds outstanding that mature in 15 years with a face value of $1,000, an annual coupon rate of 11%, and a market price of $1555.38. The yield on the companys curtent bords is a good approximation of the yield on any new bonds that it issues. The company can sell chares of preferred stock that pay an annual drudend of 53 at a price of $92.25 per share. Kuhin does not have any retained eamings available to finance this project, so the firm will have to issue new common stock to help fund it. Its common stock is currently telling for $33.35 per share, and ie is expected to phy a dividend of $1.36 at the end of next year. Fotabon coots will represent 3% of the funds raised by issuing new cominon stock. The compary \& grojected to orow ot a constant rate of 9.276, and they face a tax rote of 25%. What will be the WACC for this project