Verizon has a market value based capital structure of 32% debt and 68% common equity financing. Verizon has 30-year semi-annual coupon bonds outstanding selling at 112% of their $1000 par value with an annual coupon rate of 6.2% Verizons beta is 0.70 according to ValueLine. The 10-year T-bond rate is 2.8% and investors demand an 11.2% market return. The companys marginal tax rate is 40%. What is Verizons WACC based on this information??