Zingales Corp. financial officer wants to estimate the cost of capital of her company. The company has a market value capital structure of 40% debt and 60% equity. She knows that on the stock market, the firms common stock trades for $30 per share. The firm has just paid a dividend of $3.00 (i.e., D0 = $3.00) and future dividends are expected to grow at 3% per year, forever. On the other side, the firms bonds currently trade in the market for $930. These bonds have a par value of $1,000, a coupon rate of 6% paid semiannually, and 15 years remaining to maturity. The tax rate is 21%. Based on this information, Zingales Corp. WACC is %.