You are given the following information for Hyperion Manufacturing. Assume the companys tax rate is 25 percent. Debt: 2,500 par value Bonds with 15-year maturities, 7.2% annual coupon bonds that are currently selling for $1,050. Common stock: 1M shares outstanding, selling for $22 per share; the beta is 1.3, with a 12% market risk-premium and 2.75% risk-free rate. Preferred stock: 9,500 shares of 6 percent (cost of) preferred stock outstanding, currently selling for $55 per share.

What is the company's WACC?