Consider the following table with market values and capital structure of company ERT.

	market value	%
common shares	90,000,000	45%
preferred shares	50,000,000	25%
long term debt	60,000,000	30%

Total: (MARKET VALUE) 200,000,000 100%

The current Financing of the company has the following charachteristics:

The nominal value of debt, which is perpetual, is 55,000,000 and the anual coupon rate is 7%. Preferred shares enjoyed a dividend in the last year of 5,000,000 and dividends present a growth rate of 1%. The levered beta equity of common shares is 1.4. Te risk free rate is 4%, the historical market risk Premium is 7% and the corporate tax rate is 25%.

Determine the WACC of this company.