Firm ZZZ has a tax rate of 32% and two bonds issues.

Issue A is 10,000 bonds, each with a face value of $1000 and each paying semi-annual coupons at a rate of 9% APR compounded semi-annually. These bonds have 12 years (24 coupon payments) remaining until maturity and are currently priced at $931.01 each.

Issue B is 6,000 bonds, each with a face value of $1000 and each paying semi-annual coupons at a rate of 8% APR compounded semi-annually. These bonds have 20 years (40 coupon payments) remaining until maturity and are currently priced at $687.97 each.

Furthermore, ZZZ currently doesn't pay dividends, but the stock has=1.42

while the risk-free rate is 2% and the expected market premium is 9% (all per annum).The stock is currently priced at $13 per share, and there are 2,000,000 shares outstanding.

What is ZZZ's effective annual (EAR) WACC?