Gimley enterprises, has a target capital structure of 35% long term debt, 10% prefered stock, and the balance common stock. Currently they have 14-year, 7.8% coupon (semianual) bond priced at $1,065. T-bills currently yiled 2.5%. The company is 40% more risky than the overall market, which is expected to earn 7.5% going forward. Gimleys prefered shares priced at $72, currently pay $4.35/share dividend. With a tax rate of 34%, what is Gimleys WACC.