Tix Corp. is a grocery store located in the Southwest. It paid an annual dividend of $3.00 last year to its shareholders and plans to increase the dividend annually at the rate of 5.0%. It currently has 1,000,000 common shares outstanding. The shares currently sell for $12 each. Four years ago, Tix Corp. issued 50,000 semiannual 27-year bonds with a coupon rate of 6% and a par value of $1,000. The bonds currently have a yield to maturity (YTM) of 12%. What is the weighted average cost of capital (WACC) for Tix Corp. if the corporate tax rate is 30%?