Easy Car Corp. is a grocery store located in the Southwest. It paid an annual dividend of $3.00 last year to its shareholders and plans to increase the dividend annually at the rate of 5.0%. It currently has 2,000,000 common shares outstanding. The shares currently sell for $12 each. Five years ago, Easy Car Corp. issued 50,000 semiannual 28-year bonds with a coupon rate of 10% and a par value of $1,000. The bonds currently have a yield to maturity (YTM) of 11%. What is the weighted average cost of capital (WACC) for Easy Car Corp. if the corporate tax rate is 20%?