finance question:

4) Find the WACC for ABC Corp using the information provided below.

Common Stock: 300,000 shares outstanding, selling for $30 a share. Beta is 0.85.

Preferred Stock: 50,000 shares outstanding, selling for $65 a share. The stock pays a

$5 annual dividend.

Debt: 9,000 8 percent coupon bonds outstanding selling at 115 percent of par. Current

YTM is 6.5%.

Market: 8 percent market risk premium and 2.5 percent risk free rate.