Question (10 points) XYZ Corporation had issued 5,000 par value bonds 5 years ago with 30 years to maturity. The coupon rate on the bonds is 6% and the coupons are paid annually. The current price of each bond is $1,250. XYC Corp. also has 1,000,000 shares of common stock, which are currently trading on the market for $15. XYZ Corp.'s beta is 0.8, the market risk premium is 8% and the risk free rate is 2%. Assuming a tax rate of 40%, calculate the WACC for XYZ Corp