The FIN340 Company has 930,000 shares of common stock, 50,000 shares of preferred stock, and 9,000 bonds outstanding (par value = $1,000 per bond). The current market pricing for each is $10.00/share for the common stock shares and $ 12.30/share for the preferred stock shares. The bonds are currently trading at 69% 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 companys 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%)