The Saunders Investment Bank has the following financing outstanding. Debt: 30,000 bonds with a coupon rate of 9 percent and a current price quote of 114.0; the bonds have 20 years to maturity. 200,000 zero coupon bonds with a price quote of 19.0 and 30 years until maturity. Preferred stock: 120,000 shares of 7 percent preferred stock with a current price of $82, and a par value of $100. Common stock: 2,300,000 shares of common stock; the current price is $68, and the beta of the stock is 1.30. Market: The corporate tax rate is 25 percent, the market risk premium is 8 percent, and the risk-free rate is 5 percent. What is the WACC for the company?