The IPO Investment Bank has the following financing outstanding. Debt: 20,000 bonds with a coupon rate of 10 percent and a current price quote of 108; the bonds have 20 years to maturity. 190,000 zero coupon bonds with a price quote of 19.5 and 30 years until maturity. Both bonds have a par value of $1,000 and semiannual coupons. Preferred stock: 110,000 shares of 8 percent preferred stock with a current price of $83, and a par value of $100. Common stock: 2,200,000 shares of common stock; the current price is $69, and the beta of the stock is 1.35. Market: The corporate tax rate is 24 percent, the market risk premium is 7 percent, and the risk-free rate is 4 percent.

What is the WACC for the company?