A company has the following capital structure.
A) 1000 preferred shares at $100 par value with a 6% yield.
B) 10,000 shares of common stock, current market value of $17 / share. The annual dividend is $0.67.
C) A 30 year bond issue with a total face value of $100,000, trading at par, with a coupon of 8%.
The company is in the 37% tax bracket.
What is the Weighted Average Cost of Capital for this company?