Here is some information about X Inc.:

Beta of common stock = 0.6

Treasury bill rate = 2.40%

Market risk premium = 6.38%

Yield to maturity on long-term debt = 0.67%

Preferred stock price = $26

Preferred dividend = $5 per share

Book value of equity = $147 million

Market value of equity = $581 million

Long-term debt outstanding = $297 million

Shares of preferred stock outstanding = 3.6 million

Corporate tax rate = 21%

What is the companys WACC?