Here is some information about Stokenchurch Inc.:

Beta of common stock = 1.3

Treasury bill rate = 0.58%

Market risk premium = 8.63%

Yield to maturity on long-term debt = 4.37%

Preferred stock price = $46

Preferred dividend = $1 per share

Book value of equity = $132 million

Market value of equity = $562 million

Long-term debt outstanding = $256 million

Shares of preferred stock outstanding = 3.2 million

Corporate tax rate = 21%

What is the companys WACC?