JCX Co. has 80,000 bonds outstanding that are selling at par value. Bonds with similar characteristics are yielding 5.5%. The company also has 4 million shares of common stock outstanding. The stock has a beta of 1.1 and sells for $50 a share. The U.S. Tresuray bill is yileding 1% and the market risk premuim is 5%. The tax rate 35%. Determine WACC.