The Saunders Investment Bank has the following financing outstanding. Debt: 90,000 bonds with a coupon rate of 12 percent and a current price quote of 114; the bonds have 20 years to maturity. 260,000 zero coupon bonds with a price quote of 19 and 30 years until maturity. Assume semiannual compounding. Preferred stock: 180,000 shares of 10 percent preferred stock with a current price of $73, and a par value of $100. Common stock: 2,900,000 shares of common stock; the current price is $59, and the beta of the stock is 1.2. Market: The corporate tax rate is 35 percent, the market risk premium is 6 percent, and the risk-free rate is 3 percent. What is the WACC for the company?