QW issues $$4$million long term bond. The yield to maturity

is $8\%.$ The current stock of QW sells for $$44$ and has $5$

million shares outstanding. QW also issues $1$ million

preferred stock which offers $$4$ dividend and sells for $$40.$

Beta of QW is $1\mathrm{.}7$ and current market portfolio yields $12\%$

and risk free rate is $4\%.$ If corporate tax rate is $35\%,$

what$$ s WACC of QW$?$