Information on Janicek Power Co., is shown below. Assume the companys tax rate is 40 percent.

Debt:	9,900 9.4 percent coupon bonds outstanding, $1,000 par value, 21 years to maturity, selling for 97 percent of par; the bonds make semiannual payments.
Common stock:	224,000 shares outstanding, selling for $84.40 per share; beta is 1.29.
Preferred stock:	13,400 shares of 5.95 percent preferred stock outstanding, currently selling for $96.60 per share.
Market:	7.2 percent market risk premium and 5 percent risk-free rate.

Required:

Calculate the company's WACC.