Given the following information of PQR company the company's tax rate is 30%. Bonds: 10,000 9% coupon bonds outstanding, $1,000 par value, 25 years to maturity, selling for 98% of par, the bonds make semi-annual payments Common shares: 300,000 shares outstanding, selling for $40 per share the beta is 0.95. Preferred shares: 55,000 shares of 6% preferred stock outstanding, currently selling for $100 per share. market risk premium is 10% and 3% risk-free rate. Find weighted average cost of capital (WACC) of PQR