You are given the following information concerning MThomas Enterprise: Common Stock: 825,000 shares of common stock selling for $39.97 per share. The stock has a beta of 0.99 and will pay a dividend of $2.14 next year. The dividend is expected to grow by 1.25 percent per year indefinitely, Preferred stock: 15,000 shares of 7.00 percent stock selling at $104 per share. Par Value is $100. Debt: 110,0004.99 percent coupon bonds outstanding, with 11 years to maturity and a quoted price of 103.40. Market: A 10.50 percent expected return, a 1.10 percent risk-free rate, and a 20 percent tax rate. Calculate the WACC for MThomas Enterprise