Nike has $100M face value of outstanding debt with a coupon of 10% and a yield to maturity of 8% (annualized). The bond makes semi-annual payments and have 10 years to maturity. The company has 1 million shares of common stock with book value per share of $35 and market value per share of $50. The current beta of the stock is 1.5. The treasury bill rate is 5% and the market risk premium is 8.5%. The company is in the 40% tax bracket. What is the companys WACC?