You are the CFO at Day Tripper Travel Inc., whose capital structure is: 1.0 million shares of common stock, issued at $55, now selling at $45. The company has 50,000 bonds selling at $950 and 100,000 shares preferred stock , originally issued at $100, but now selling at $90.00 . The pre-tax cost of debt is 6.0%, the cost of preferred is 8.0%, and the cost of equity is 14.0%. The company tax rate is 25%. What is its WACC?