A company went public by issuing 500.000 shares of common stock at 10 TL per share. The shares are currently trading at 14 TL per share. Current risk free rate is 8%, market risk premium is 12% and the company has a beta coefficient of 1.6. During last year, it issued 50,000 bonds of 1,000 TL par paying 10% coupon annually maturing in 20 years. The yield to maturity is 10,61%. The bonds are currently trading at $920. If the tax rate is 20%, what would be the weighted average cost of capital?

A)10,96%

B)12,80%

C)24.77%

D)25.04%