You are given the following information for ABC, Inc. Assume the companys tax rate is 21%.

Debt: 40,000 bonds outstanding with 5% YTM. The current bond price is $960.

Common stock: 750,000 shares outstanding, selling for $52 per share; the beta is 0.85.

Preferred stock: 1,400,000 shares of preferred stock with a return 7.5%, currently selling for $25 per share.

Market: 7% market risk premium and 3.5% risk-free rate.

QUESTION: What is the company's WACC?