XYZ has 8 million shares of equity outstanding. The current share price is 60, and the book value per share is 5. Fang plc also has two bond issues outstanding. The first bond issue has a face value of 70 million and a 5 percent coupon and sells for 91 percent of par. The second issue has a face value of 60 million and a 7.5 percent coupon and sells for 93.5 percent of par. The first issue matures in 10 years, the second in 6 years. Suppose the company's equity has a beta of 1.2. The risk-free rate is 4.8 percent, and the market risk premium is 6 percent. Assume that the overall cost of debt is the weighted average implied by the two outstanding debt issues. Both bonds make semiannual payments. The tax rate is 35 percent. Assume the face value of the debt is 1,000.

What is the company's WACC?