The Alyssa Co. has 999,620 shares of common stock, currently trading at $45.5/share. The common stock of Alyssa Co. is expected to pay a dividend next year of $2/share, and it has a Beta calculated at 1.59. It also has 49,980 shares of preferred stock, trading at $91/share. The preferred stock pays dividends of 8%. Finally, Alyssa Co. has 19,600 bonds currently trading at $1220/bond. The coupon rate is 6%, and the bonds will mature in 22 years. Alyssa Co. expects its dividends to grow at a rate of 18%/year, and it is in a 21% tax bracket. It estimates that the risk free rate of return is 3% and the market rate of return is 17.5%. Calculate the WACC for Alyssa Co. Be sure to show all your work. NOTE: When calculating the cost of equity, compute the cost using the CAPM method and the DCF (Dividend Constant Growth Method) and average the two.