Use the following information about a firm to estimate the firms weighted average cost of capital.

• The firm has 4 million shares of common stock outstanding, trading at the price of $54 per share
• The firm currently has 195,000 shares of debt that are currently trading at $858 per share with a coupon payment paid semiannually at 5%, 7% yield to maturity, and 10 years to maturity with a par value of $1,000
• The risk-free rate is 1.1%
• The expected return of the market is 9.0%
• The stock has a beta of 1.25
• The firm has a marginal tax rate of 40%

What is the firms WACC?