You are given the following information for Tara Ita Power Co. Assume the companys tax rate is 25 percent.

Debt: 6,000 7.9 percent coupon bonds outstanding, $1,000 par value, 25 years to maturity, selling for 108 percent of par; the bonds make semiannual payments.

Common stock: 510,000 shares outstanding, selling for $69 per share; the beta is 1.12.

Market: 10 percent market risk premium and 5.9 percent risk-free rate.

What is the company's WACC?