At 2018 ABI Construction has a face debt value of 28.61M trading at 93% with a pre-tax weigthed cost of 6.58%. ABI common equity for the year was valued at 101.6M and preferred equity for 11.08M. The Preferred equity rate was calculated to be 7.69%. However, the common equity was to be calculated using CAPM approach, with a 3% risk free rate and a 7% market risk premium rate, assuming a 1.58 Beta. If the tax rate is 39%, What is this firm's WACC?

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