The total book value of WTC’s equity is $40 million and book value per share outstanding is $12. The stock of WTC is currently selling for a price of $35 per share and the beta of WTC is 1.35. The bonds of WTC have a face value of $66 million and sell at a price of 105 percent of face value. The yield to maturity on the bonds is 6 percent and the firm’s tax rate is 35 percent. If the E(Rm) = 11% and Rf = 1%, calculate the WACC of WTC.