The Saunders Investment Bank has the following financing outstanding.

Debt: 59,000 bonds with a coupon rate of 5.2 percent and a current price quote of 106.3; the bonds have 14 years to maturity and a par value of $1,000. 18,700 zero coupon bonds with a price quote of 21.4, 28 years until maturity, and a par value of $10,000. Both bonds have semiannual compounding.

Preferred stock: 154,000 shares of 3 percent preferred stock with a current price of $85 and a par value of $100.

Common stock: 2,280,000 shares of common stock; the current price is $91 and the beta of the stock is 1.15.

Market: The corporate tax rate is 24 percent, the market risk premium is 7.2 percent, and the risk-free rate is 3.4 percent.

What is the WACC for the company?