a company has 16,000,000 in outstanding debt in bonds. The company bonds are all 10-year bonds with a coupon rate of 10% and yield of 9%. The company has 1,200,000 shares outstanding. The book value per share is 9 while the market price is 19 per share. The Company has a beta of 1,88 and faces a tax rate of 27%. The market quotations show that the companies share price rose 18% last year and analysts expect 28% growth in the next years. The main stock index on this capital market performs 12% yearly ad T-bond rate is 5.5%. Calculate the cost of common stock equity using the capital asset pricing model and the weighted average cost of capital for this company.