A company has a capital structure of 30% debt and 70% equity. They are considering a project that requires an investment of $2.6 million. To finance this project, they plan to issue 10-year bonds with a coupon interest rate of 12%. Each of these bonds has a $1,000 face value and will be sold to net the company $980. If the current risk-free rate is 7% and the expected market return is 14.5%, what is the weighted cost of capital for the company? Assume WE have a beta of 1.20 and a marginal tax rate of 40%