The Saunders Investment Bank has the following financing outstanding. Debt: 130,000 bonds with a coupon rate of 9 percent and a current price quote of 112; the bonds have 20 years to maturity. 300,000 zero coupon bonds with a price quote of 17 and 30 years until maturity. Assume semiannual compounding. Preferred stock: 220,000 shares of 7 percent preferred stock with a current price of $69, and a par value of $100. Common stock: 3,300,000 shares of common stock: the current price is $55, and the beta of the stock is 1.0. Market: The corporate tax rate is 35 percent the market risk premium is 6 percent, and the risk-free rate is 3 percent. What is the WACC for the company