Telewrk has 87,500 common shares trading at $75, and 12,000 preferred shares with a current price of $98. The common equity holders receive a quarterly dividend that grows at annual regular rate of 2%. Next year, this quarterly dividend will be $1.7325. Preferred shareholders also receive a quarterly dividend of $3.85. Debt completes Telewrks capital structure. The company has 11,000 bonds trading at $971.5, which pay an annual coupon of $103 and have 10 years to maturity. Telewrks tax rate is 20%. Calculate its WACC. You must show your work to get full points. 12 points.