Easy Sleazy Recliner Corp. has a capital structure including the following: 50,000 bonds selling for $1,140, original maturity of 30-years, 12-years old, par = $1,000, paying an annual coupon rate of 8%. Also, 140,000 shares of 5% preferred stock, par value = $100, market price = $120; and 1 million shares of common stock. ESR's beta is 0.92, risk free rate = 2%, market return = 12%. Market price is $42/share. Tax rate = 21%. What is the WACC?