PC has 1 million shares of common stock outstanding with a market price of $12 per share. The firms outstanding bonds have ten years to maturity, a face value of $5 million, a coupon rate of 10%, paying annual coupons, and sell for $985 per $1000 in face value. The risk-free rate is 7% and the expected return on the market is 14%. WB has a beta of 1.2 and WB is in the 34% tax bracket. What is the WACC?