At 2018 ABI Construction has a face debt value of 23.47M trading at

98% with a pre-tax weigthed cost of 6.87%. ABI common equity for the year was valued at 113.13M and preferred equity for 11.31M. The Preferred equity rate was calculated to be 7.14%. 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 1.3 Beta. If the tax rate is 44%, What is this firm's WACC?

pur-new-sol