Growth Company's current share price is $20.20 and it is expected to pay a $0.95 dividend per share next year. After that, the firm's dividends are expected to grow at a rate of 4.3% per year.

a. Cost of capital of levered equity is 9%

b. Cost of capital for preferred stock 7.31%

c. Pre tax cost of debt is 6.5%

d. Market value of assets is $164.61 million

e. Growth Company faces a 35% tax rate. Given the information in parts (a) through (d), and your answers to those problems, what is Growth Company's WACC?

Note: Assume that the firm will always be able to utilize its full interest tax shield.