Given the following data for water's beginning firm: 1 million shares of common stock outstanding price $12 per share The firms outstanding bonds have ten years to maturity a total face value of debt = $5 million, face balue per bond of $1,000, current price = $985 with a coupon rate of 10% The risk free rate is 7%, and analysts expected return for the market is 14% Waters beginning stock has a beta of 1.2 and is in the 34% marginal tax bracket. What's the WACC