The ABC Corporation has two bond issuances outstanding. Bond 1 is an annual bond with a $1,000 par value, $60 coupon payments, maturing in 6 years, and trades today at $894.49 with 90,000 bonds outstanding. Bond 2 is an annual bond with a $1,000 par value, $51 coupon payments, maturing in 6 years, and trades today at $956.82 with 48,000 bonds outstanding. QRS has 1.1 million shares of preferred stock outstanding paying a dividend of $6.50 with a share price of $68. QRS has 52 million shares of common stock outstanding with a reported of 1.40 that is trading at $17.45 and is expected to pay an annual dividend of $1.10 this year and has an expected sustained dividend growth of 5% for the foreseeable future. The expected return on the market is 10.4% and the risk free rate is 2.4%, when measuring the expected return on equity, you decide to weight the return generated by CAPM at 60% and the Gordon Growth model at 40%. What is the weighted Average Cost of Capital for the QRS Corporation if QRS pays an effective rate of 35% in taxes