Consider the following information for Alpha Co.

Debt:4,500 5.5 percent coupon bonds outstanding, $1,000 par value, 18 years to maturity,selling for 104 percent of par; the bonds make semiannual payments.

Common Stock: 94,500 shares outstanding, selling for $61 per share; the beta is 1.17.

Preferred stock:15,000 shares of 5 percent preferred stock outstanding, currently selling for $105 per share.

Market:7 percent market risk premium and 4.5 percent risk-free rate.

Assume the company's tax rate is 32 percent. Find the WACC ( Show work and no rounding)