l. Company ABC has 3-year bonds outstanding. The bond's coupon rate is 10% and it is selling at si,000. The total value of the bonds is $10M. The company also has preferred stocks, which are worth S5M. The preferred stock pays a dividend of S2 a share and currently sells at $20 a share. The common stocks of the company are worth $20M. The beta of the common stock is .8, the market risk premium is 10 the risk free rate is 6 and the firm's tax rate is 40 What is the company's WACC