XYZ Company is financed by debt (50%), preferred stocks (20%), and common equity (30%). Its common stock price is $43 per share. It pays a dividend of $3.00 and has a growth rate of −2%. Its annual preferred stock dividend is $82 per $1000 share with a flotation cost of 7.5% per share. The interest for long-term debt is 11%.

Its corporate tax rate is 30%.

What is the company’s WACC?