You have the following information on Davidsons Corp. (1) The firm's bonds have a maturity of 20 years, a 8.00% annual coupon, a par value of $1,000, and a market price of $1,075.00. (2) The companys average tax rate is 40%. (3) The stock's beta is 1.20, the risk-free rate is 4.50%, and the market risk premium is 5.50%. (4) The company has a capital structure that consists of 35% debt and 45% common equity. What is the company's WACC?