Pfd Company has debt with a yield to maturity of 5.9%, a cost of equity of 12.8%, and a cost of preferred stock of 9.8%. The market values of itsdebt, preferredstock, and equity are $9.8 million, $2.8 million, and $14.6 million, respectively, and its tax rate is 35%. What is thisfirm's WACC?

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