7. Given the following information on Ke-Ma-Gen Ltd., what is its WACC? Retain as many decimal places as possible in your intermediate answers, and round your final answer (in percentage) to two decimal places. Debt: Number of bonds = 6000 Par value = $1000 Coupon rate = 8% (semi-annual coupons) Time to maturity = 10 years Market value = 97.5% of par Common Equity: Number of shares outstanding = 1,000,000 Par value = $1 Price per share = $5.00 Dividends per share = $0.70 Preferred Equity: Number of shares outstanding = 50,000 Price per share = $20 Dividend yield = 5% Other information: Tax rate = 35% Equity beta = 2 Market risk premium = 11% Risk-free rate = 5% (11 marks)