The activities of Brad Corp are financed by both debt and equity. Brad Corp has 5 million shares of ordinary equity outstanding, currently selling for50 per share. The ordinary equity has a beta of 0.9. Brad Corp has90,000 bonds outstanding that are selling at par (1,000). Equally risky bonds on the market are currently yielding 8.75 per cent. The following information is also available. The government T-bill is currently yielding 2.4 per cent, the rate of return on the market,Rm, is 10 per cent, and the corporate tax rate is 20per cent. What is the firms weighted average cost of capital (WACC)?