The total book value of WTC's equity is 50 mil and book value per share outstanding is $10. The stock of the WTC is currently selling for a price of $75 per share and the beta of WTC is 1.15. The bonds of WTC has a face value of $62 million and sell at a price of 110 percent of face value. The YTM on the bonds is 5.5% and the firms tax rate is 35%. If the E(rm)=8% and the Rf= 1% calculate the WACC of WTC. (show the formulas and your work)