Stock in Bears Big Bonanza has a beta of 1.15. The market risk premium is 8 percent; and T-bills are currently yielding 4 percent. Bears issued a 30-year, 10 percent semiannual coupon bond 6 years ago. The bonds are currently priced to yield 9%. If the companys tax rate is 22 percent, then what is Bears WACC? Assume they have 23,000 bonds outstanding, and 2.2 million shares of common stock outstanding at a price of $23 per share. (SHOW WORK PLEASE ESPECIALLY ON HOW TO CALCULATE MARKET VALUE OF DEBT)