Here is some information about Stokenchurch Inc.:

Beta of common stock = 0.2

Treasury bill rate = 0.19%

Market risk premium = 8.71%

Yield to maturity on long-term debt = 3.51%

Preferred stock price = $37

Preferred dividend = $3 per share

Book value of equity = $150 million

Market value of equity = $463 million

Long-term debt outstanding = $246 million

Shares of preferred stock outstanding = 3.9 million

Corporate tax rate = 21%

What is the company's WACC?