You are given the following information for Lightning Power Co. Assume the companys tax rate is 38 percent.

Debt:	10,000 6.5 percent coupon bonds outstanding, $1,000 par value, 30 years to maturity, selling for 108 percent of par; the bonds make semiannual payments.
Common stock:	370,000 shares outstanding, selling for $55 per share; the beta is 1.11.
Preferred stock:	15,000 shares of 5 percent preferred stock outstanding, currently selling for $75 per share.
Market:	6 percent market risk premium and 4.50 percent risk-free rate.

What is the company's WACC?