XYZ company has 10,000 shares of stock currently trading at $100 per share. They have a beta of 1, expected market return of 10% and a 3% risk free rate. XYZ also has 50 shares of debt outstanding currently trading at $1000 per share. Their bonds have semiannual bonds with a $1,000 par value, 5% coupon rate, and 10 years to maturity. The firm's marginal tax rate is 22 percent. Calculate the weighted average cost of capital (WACC).