The firm's capital structure; Debt =60%. Preferred Stock =5%, and Common Stock Equity =35% Debt: The firm can sell a 20 -year, $1,000 par value, 7.72 percent coupon bond (making interest payments semi-annually) for $856. A flotation cost of 2 percent of the face (par) value would be required. Preferred Stock: The firm has determined it can issue preferred stock at $64.25 per share par value. The stock will pay an $9.66 annual dividend. The cost of issuing and selling the stock is $2.82 per share. Common Stock: The firm's common stock is currently selling for $103.79 per share. The dividend expected to be paid at the end of the coming year is $4.53. Its dividend payments have been growing at a constant rate for the last five years. Five years ago, the dividend was $3.21. It is expected that to sell, a new common stock issue must be underpriced at $2.45 per share and the firm must pay $3.72 per share in flotation costs. Additionally, the firm's tax rate is 40 percent. With the above information, please calculate the firm's WACC Please enter your response in percent format with two decimal points - just without the % sign (for instance 9.55% would be entered as 9.55 )