You are given the following information concerning Parrothead Enterprises:

Debt:	9,700 7.2 percent coupon bonds outstanding, with 23 years to maturity and a quoted price of 105.75. These bonds pay interest semiannually.
Common stock:	260,000 shares of common stock selling for $65.20 per share. The stock has a beta of .92 and will pay a dividend of $3.40 next year. The dividend is expected to grow by 5.2 percent per year indefinitely.
Preferred stock:	8,700 shares of 4.6 percent preferred stock selling at $94.70 per share.
Market:	A 11.3 percent expected return, a risk-free rate of 5.2 percent, and a 30 percent tax rate. CALCULATE THE WACC%