10. Inkcorp Inc. is financing its new product line with issuance of 5 shares of 8 years 6% coupon bond with yield to maturity 7.5%, 60 shares of preferred stock with dividend $2.5 and return of 8%, and 800 shares of common equity at current price of $12 per share. If its common stock has beta 2.75 and long-term risk free rate is 4% and total market return is 12%. What is the Weighted Average Cost of Capital given its tax rate is 35%? Ignore floatation costs.