Let's put it all together in an example: Hermione Corp. has 400,000 shares of common stock outstanding, trading at $52.85 per share. They have 90,000 shares of preferred stock trading at $74.14 per share, and $15,000,000 (face value) in debt, with 8 years to maturity, a 9% coupon, and a YTM of 8%. The firm has a beta of 1.97, the risk-free rate is 2.5% and the expected market return is 12%. Their last preferred dividend was $9.25 per share. Their tax rate is 36%. What is Hermione Corp's WACC