I've just hired you to find the WACC for my company. Our current target capital structure is 35% debt, 10% preferred, and 55% common equity. Our bonds have 15 years to maturity, pay a nominal 8% coupon, sell for $1142, and are paid on a semiannual basis. Our preferred stock carries a dividend of $6 and is selling at a price of $100. The risk free rate is 5%, the market return is 12%, and beta is 1.393. Using a tax rate of 40%, what is our WACC