The following information relates to TAC Corporation (TAC): TAC has 5 million ordinary shares outstanding that are currently priced at $9 each. TAC has 500,000 preference shares trading at $2.20 each. The company's bonds have a total market value of $9,000,000, The current yield to maturity is 5.5% per annum. The bonds have a coupon rate of 8% p.a. TACs beta is 0.8. The Face Value of the preference shares is $2 each with a dividend rate of 7% per annum. The risk-free rate is 5% p.a., and the company tax rate is 30%. The required return on ordinary equity is 12% per annum. What is TAC Corporations WACC