Heavy Metal Corp. is a steel manufacturer that finances its operations with 39% debt, 6% preferred stock, and 55% equity. The interest rate on the company's debt is 9%. The preferred stock pays an annual dividend of $3 and sells for $27 a share. The company's common stock trades at $60 a share, and its current dividend (Do) of $4 a share is expected to grow at a constant rate of 10% per year. The flotation cost of common equity is 15% of the dollar amount issued, while the flotation cost on preferred stock is 10%. The company's tax rate is 29%. Assume that the firm will not have enough retained earnings to fund the equity portion of its capital budget. What is the company's WACC