High Mines has 34,800 shares of common stock outstanding with a beta of 1.54 and a market price of $51 a share. There are 10,000 shares of 5 percent preferred stock outstanding with a stated value of $100 per share and a market value of $83 a share. The 7 percent semiannual bonds have a face value of $1,000 and are selling at 96 percent of par. There are 5,000 bonds outstanding that mature in 13 years. The market risk premium is 7.5 percent, T-bills are yielding 2.6 percent, and the tax rate is 21 percent. What is the companys WACC?