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The Saunders Investment Bank has the following financing outstanding Debt 7 6 , 0 0 0 bonds with a coupon rate of 7 . 2

The Saunders Investment Bank has the following financing outstanding
Debt
76,000 bonds with a coupon rate of 7.2% and a current price of $975. The bonds have 22 years to maturity
186,000 zero coupon bonds with a price of $425 and 22 years to maturity.
Preferred stock: 225,000 shares with a $9.75 dividend and a current price of $85
Common stock: 1,975,000 shares at a price of $69 and an equity beta of 0.95
The firms tax rate is 28%, the market risk premium is 6.7%, and the risk-free is 3.2%. What is the WACC for bank?

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