A Company ABC Ltd. has 2 million shares outstanding. The stock currently sells for $20 per share. Treasury bill rate is 4 percent, and the expected market returns are 12 percent. Youve estimated that the company has twice the systematic risk as market. The firms debt is publicly traded and the bond trades at par. There are 20,000 bonds outstanding. The bond has a coupon rate of 10% paid semiannually. The corporate tax rate is 20 percent. Calculate the weighted average cost of capital.