John wants to figure out the WACC for Generic Co. John is given the following information concerning Generic Co. Calculate the WACC for Generic Co. :

Debt: $13,791 of 5% coupon bonds outstanding, quoted at 105, with 20 years to maturity. These bonds pay interest semiannually.

Common Stock: 350,000 shares common stock selling for $54.1 per share. The stock has a beta of 1.02

Preferred Stock: 10,000 shares of preferred stock with a dividend of $5.20 per share. It is currently selling at $103.51 per share.

Market: The market premium is 7.5%, and the risk-free rate of return is 2.5%.

tax bracket = 35%

(Round your answer to two decimal places in percentage.For example, if your answer is 0.0547, input your answer as 5.47.) SHOW YOUR WORK IN EXCEL

What is Generic Co.'s WACC?