Sam's Souvenir Shop (3S) has a cost of debt of 8%, a cost of common stock 12% and a cost of preferred shares of 9%. 33 owns 116,000 shares regulars outstanding that are currently trading at $ 24 a share. There are 51,000 shares preferred shares outstanding at a price of $ 38 per share. The obligations of 35 have a total face value of $ 900,000 and are currently trading at 105% of their nominal value. The corporate tax rate is 35%. Calculate the WACC of 3S