Problem $13-17$ Preferred Stock and WACC

The Saunders Investment Bank has the following financing outstanding.

Debt: $50,000$ bonds with a coupon rate of $5\mathrm{.}1$ percent and a current price quote of $104\mathrm{.}5$; the bonds have $15$ years to maturity and a par value of $$1,000.30,000$ zero coupon bonds with a price quote of $23\mathrm{.}6,30$ years until maturity, and a par value of $$10,000.$ Both bonds have semiannual compounding.

Preferred stock: $235,000$ shares of $3\mathrm{.}6$ percent preferred stock with a current price of $$87$ and a par value of $$100.$

Common stock: $2,100,000$ shares of common stock; the current price is $$79$ and the beta of the stock is $1\mathrm{.}08.$

Market: The corporate tax rate is $23$ percent, the market risk premium is $7$ percent, and the risk$-$free rate is $3\mathrm{.}6$ percent.

What is the WACC for the company?