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Watta Company has only common equity and bonds. You are asked to estimate Watta Company's WACC and you have the following information: Watta's next stock dividend is expected to be $1 per share. This dividend will grow at 6% indefinitely. The stock currently sells for $50 per share. Watta has a target debt-equity ratio of 2/3 and it can sell 10-year semi-annual coupon bonds with a coupon rate of 6% at a price of $1050. If the tax rate is 21%, what is the estimated WACC? (The company does not have any preferred stocks)