Given the following information for UARE Inc. Find the WACC.

Tax rate	35 percent
Debt:
Bonds outstanding:	6000
Coupon on bonds:	4 percent
Par value of bonds:	$1000
Bonds selling at what percent of par:	105
Bonds make coupon payments:	semi-annually
Years to maturity of bonds	25
Common Stock:
Shares Outstanding:	185,000
Current price/share:	$58.00
Beta:	1.10
Market Information:
Risk premium:	7 percent
Risk-free rate	5 percent