Debt: Common stock: 3,000 7 percent coupon bonds outstanding, $1,000 par value, 19 years to maturity, selling for 103 percent of par; the bonds make semiannual payments. 69,000 shares outstanding, selling for $55 per share; the beta is 1.1. 9,500 shares of 6 percent preferred stock outstanding, currently selling for $106 per share. 8 percent market risk premium and 6 percent risk-free rate. Preferred stock: Market: Assume the company's tax rate is 33 percent. Find the WACC