A company would like to finance an investment project which requires a total funding of 500 thousand dollars. To accumulate 240 thousand dollars it will issue bonds. Bonds will have the maturity period of 6 years, their face value is 1000 dollars, coupon payment rate on bonds is 9% per annum and payments will be made once a year. The market price of the bond is 1100 dollars.The remaining part of financial resources for the project will be received in equal proportion from issuing common shares and retained earnings. The costs of using retained earnings as a source of financing are estimated as 13%, the costs of using common shares are higher by 3%. The company pays corporate income tax at a rate of 20%. Compute WACC.