S Company is expected to pay a $1 dividend at year end, the dividend is expected to grow at a constant rate of 3% a year, and the common stock currently sells for $10 a share. Preferred stock sells for $20 and pays a $3 dividend. The before-tax cost of debt is 5%, and the tax rate is 25%. The capital structure consists of $2,500,000 debt, $1,000,000 preferred stock, and $5,500,000 common equity. What is the companys WACC? Do not round your intermediate calculations.

please do this is excel