You are given the following information for Lightning Power Company. Assume the companys tax rate is 22 percent.

Debt:	12,000 6.1 percent coupon bonds outstanding, $1,000 par value, 27 years to maturity, selling for 109 percent of par; the bonds make semiannual payments.
Common stock:	450,000 shares outstanding, selling for $63 per share; beta is 1.14.
Preferred stock:	19,500 shares of 3.9 percent preferred stock outstanding, a $100 par value, selling for $84 per share.
Market:	5 percent market risk premium and 4.9 percent risk-free rate.

What is the company's WACC?