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Please see below for Two - Two Corporation's information.Debt: 9 , 7 0 0 7 . 2 percent coupon bonds outstanding, with 2 3 years

Please see below for Two-Two Corporation's information.Debt: 9,7007.2 percent coupon bonds outstanding, with 23 years to maturity and a quoted price of 105.75. These bonds have a par value of $1,000 and pay interest semiannually. Common stock: 260,000 shares of common stock selling for $65.20 per share. The stock has a beta of .97. Preferred stock: 8,700 shares of 4.60 percent preferred stock selling at $94.70 per share. Market: 11.3 percent expected return, a risk-free rate of 3.95 percent, and a 22 percent tax rate.What is the company's WACC?

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