The Saunders Investment Bank has the following financing outstanding.

Debt:	54,000 bonds with a coupon rate of 5 percent and a current price quote of 106.9; the bonds have 16 years to maturity and a par value of $1,000. 17,700 zero coupon bonds with a price quote of 28.8, 26 years until maturity, and a par value of $10,000. Both bonds have semiannual compounding.
Preferred stock:	149,000 shares of 3.5 percent preferred stock with a current price of $90 and a par value of $100.
Common stock:	2,180,000 shares of common stock; the current price is $86 and the beta of the stock is 1.10.
Market:	The corporate tax rate is 24 percent, the market risk premium is 7 percent, and the risk-free rate is 3.4 percent.

What is the WACC for the company?