Vision oil and gas company has 10million shares each with a value of $4.20 whose cost is 7.5%. It has $30 million of 5% bonds with a market value of 101.00 and an after tax cost of 3.5%. It has a bank loan of $5 million whose after tax cost is 3.2%. It also has 2million 8% preference shares of $1 whose market price is $1.33 per share and whose cost is 6%.

Calculate the WACC