18. A firm recently hired you as a consultant to estimate the company's WACC. You have obtained the following information. (1) The firm's non-callable bonds mature in 10 years, have an 8% annual coupon (coupons paid annually), a par value of $1,000, and a market price of $1,324. (2) The company's tax rate is 25%. (3) The risk- free rate is 3%, the market risk premium is 6% and the stock's beta is 2. (4) The capital structure consists of 50% debt and 50% common equity. The firm uses the CAPM to estimate the cost of equity. What is the firm's WACC