TAFKAP Industries has 8 million shares of stock outstanding selling at $17 per share, and an issue of $20 million in 7.5 percent annual coupon bonds with a maturity of 15 years, selling at 109 percent of par($1,000). Assume TAFKAPs weighted average tax rate is 21 percent and its cost of equity is 12.5 percent. What is TAFKAPs WACC