Mr. Berti, the finance manager of Giannini Corporation (GC), has compiled the following information to estimate the companys WACC. The GC's noncallable bonds mature in 7 years, have an 8.00% annual coupon, a par value of $1,000, and a market price of $942.96. The bond pays coupon payments semi-annually. GC's stock sells for $20 per share, its last dividend was $1.00, and its growth rate is a constant 6 percent. The target capital structure consists of 35% debt, and the balance is common equity. GC does not expect to issue any new shares. The GC's tax rate is 40%. What is GCs WACC?