FWB has 300,000 preference shares trading at $10 each. The market yield on the FWB preference shares is 6% per annum. The market risk premium is 8% p.a., the risk-free rate is 2% p.a., and the company tax rate is 30%. FWB's bonds have a total market value of $2,000,000, have a coupon rate of 4% p.a. and current yield to maturity is 3% per annum. FWB Corporation has 9 million ordinary shares outstanding that are currently priced at $9 each and have a beta of 1.3. What is FWB Corporations WACC