The Saunders Investment Bank has the following financing outstanding.

Debt: $70,000$ bonds with a coupon rate of $10$ percent and a current price quote of $110$; the bonds have $20$ years to maturity. $240,000$ zero coupon bonds with a price quote of $20$ and $30$ years until maturity. Both bonds have a par value of $$1,000$ and semiannual coupons.

Preferred stock: $160,000$ shares of $8$ percent preferred stock with a current price of $$75,$ and a par value of $$100.$

Common stock: $2,700,000$ shares of common stock; the current price is $$61,$ and the beta of the stock is $1\mathrm{.}3.$

Market: The corporate tax rate is $21$ percent, the market risk premium is $8$ percent, and the risk$-$free rate is $5$ percent.

What is the WACC for the company?

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