The FIN340 Company has 920,000 shares of common stock, 150,000 shares of preferred stock, and 21,000 bonds outstanding (par value =$1,000 per bond). The current market pricing for each is $8.50/ share for the common stock shares and $13.20 /share for the preferred stock shares. The bonds are currently trading at 82% of par. The company pays no dividend on its common stock but does pay a $0.75/ share dividend on its preferred stock. The coupon rate on its bonds is 6.80% and the bonds will mature 22 years from today. The company's Beta on its common stock is 1.3 and it has a 21.0% marginal tax rate. The current T-bill rate is 2.5% and the market return is 11.5%. Calculate the FIN340 Company WACC based on this information (INPUT YOUR ANSWER IN THE FOLLOWING FORMAT ONLY - 12.34 (IF YOU CALCULATED AN ANSWER OF 12.34\%). IF YOU DO NOT FOLLOWING THIS INPUT NUMBERING FORMAT, BLACKBOARD WILL SCORE YOUR ANSWER AS INCORRECTI