The Tuvix Voyager Company is a Baseball Equipment distributor from Atlanta, Georgia. Recently the firm has landed a large-scale contract to supply the Midwestern league with baseball equipment for the next five years. The company has just paid a dividend of $5 and dividends are expected to be constant forever (0% Growth). The current trading price of one share is $25. The firm has 100,000 shares outstanding. The firm also has long term debt with the bank with a market value of $3 million at the rate of 10%. The firm pays taxes at the rate of 35%. The loan has a covenant whereby the company's debt to equity ratio cannot exceed 2.5. Determine the current WACC.