. Frontier Corporation has bond with a face value of $39 million and sell at a price of 112 percent of face value. The yield to maturity on the bond is 7% and coupon rate of 9%. The firm has 260,000 preferred stocks that sells at a price of $34/share and pays an annual dividend of $2.5/share. The total book value of the firm's equity is $68 million; book value per share is $37. The stocks sell for a price of $54 per share, and the cost of equity is 12%.The firm's tax rate is 20 percent. Calculate WACC?