A company's capital structure consists of $20,800,000 debt and $31,200,000 equity. Through a special government guarantee, the company's debt is considered riskless and has interest payments of 10%. The risk-free rate is 10% and the expected market return is 20%, the company's stock has a beta of 0.5 and the company faces a 28% tax rate. What is the company's weighted average cost of capital? Please show any work.