You are given the following information for Hyperion Manufacturing. Assume the company's tax rate is 25 percent. Debt: 2,500 15-year, 7.2% coupon bonds, par value, which are currently selling for 105 percent of par; the bonds make semiannual payments. Common stock: 1M shares outstanding, selling for $22 per share; the beta is 1.3, and Preferred stock: 9,500 shares of 6 percent (cost of) preferred stock outstanding, currently selling for $55 per share. Market: 12% market risk-premium and 2.75% risk-free rate. What is the company's WACC? (Show all of you work for partial credit)