You are given the following information for Tara Ita Power Co. Assume the companys tax rate is 24 percent.

Debt:	7,000 6.8 percent coupon bonds outstanding, $1,000 par value, 30 years to maturity, selling for 104 percent of par; the bonds make semiannual payments.
Common stock:	400,000 shares outstanding, selling for $58 per share; the beta is 1.14.
Market:	7 percent market risk premium and 4.8 percent risk-free rate.

What is the company's WACC?