LMK Corporation has 900,000 preference shares trading at $1 cach. The Face Value of the preference shares is $2 each and the dividend rate is 1% per annum. LMK Corporation has 7 million ordinary shares outstanding that are currently priced at $2 each and have a beta of 0.4. The required return on ordinary equity is 7.5% per annum. The company's bonds have a total market value of $5,000,000, they have a coupon rate of 7% p.a., and current yield to maturity is 1% per annum. The risk-free rate is 2% pa, and the company tax rate is 30%. What is LMK Corporation's WACC