To finance the purchase, Ranch Manufacturing will sell 10-year bonds paying 6.6% per year at the market value of the firm's capital structure as follows: Bonds $4,400,000 Preferred Stock $2,500,000 Common Stock $5,900,000 To finance the purchase, Ranch Manufacturing will sell 10-year bonds paying 6.6% per year at the market price of $1,054. Preferred stock paying a $1.95 dividend can be sold for $25.76. Common stock for Ranch Manufacturing is currently selling for $54.96 per share and the firm paid a $2.91 dividend last year. Dividends are expected to continue growing at a rate of 4.6% per year into the indefinite future. If the firm's tax rate is 30%, what is their WACC?