The Saunders Investment Bank has the following financing outstanding. Debt: 30,000 bonds with a coupon rate of 6 percent and a current price quote of 112; the bonds have 20 years to maturity. 200,000 zero coupon bonds with a price quote of 21 and 30 years until maturity. Assume semiannual compounding. Preferred stock: 120,000 shares of 4 percent preferred stock with a current price of $86, and a par value of $100. Common stock: 2,300,000 shares of common stock; the current price is $72, and the beta of the stock is 1.5. Market: The corporate tax rate is 25 percent, the market risk premium is 8 percent, and the risk-free rate is 5 percent. What is the WACC for the company?