Hardrock Mining Corporation has seven million shares of common stock outstanding, and 100,000 8-percent semiannual bonds outstanding, par value $1,000 each. The common stock currently sells for $32.60 per share and has a beta of 1.3. The bonds have 15 years to maturity and sell for 93.1 percent of par. The market risk premium is 6.5 percent, 10-year Treasury bonds are yielding 4.7 percent, and HardrockMinings tax rate is 34 percent. If HardrockMining is evaluating a new investment project that is slightly riskier than the firms typical projectand would require adding a subjective premium of 4%, what WACC should the firm use to discount the projects cash flows? PLEASE SHOW STEP BY STEP WORK