Pamela Peterson computes the weighted average cost of capital (WACC) for the company Atom International. The information used for computation is as follows:

Common equity has a beta of 1.2 while the risk-free rate and market premium are 5% and 7% respectively. The preferred stock has a value of $48 with a dividend worth $6. The corporate tax rate is 20%. Bonds are issued at par and have a coupon rate of 11%. Capital structure is 20% preferred stock, 35% debt, and 45% common stock.

What is your estimate of Atom International's WACC?