Titan Mining Corporation has the following:

7.5 million shares of common stock outstanding that currently sells for $51 per share and has a beta of 1.15.

250,000 shares of 4.2 percent preferred stock outstanding with par value of $100 each, and currently sells for $103 per share.

140,000 bonds with a semiannual coupon of 5.1 percent outstanding, par value $1,000 each, and the bonds have 15 years to maturity and currently sell for 107 percent of par. The companys tax rate is 22 percent.

From financial markets, you are given the following information: the market risk premium is 7.5 percent and T-bills are yielding 2.4 percent. Find the WACC for Titan Mining Corporation, using the above information.