A financial analyst has collected the following information regarding a firm she works for: The company's capital structure is 50% equity and 50% debt. The yield to maturity on the company's bonds (YTM) is 8%. Risk- free rate is 6%. The average rate of return on the market is 12%. The company's year-end dividend is $3.0 per share and its beta is 1.2. The company's dividends are expected to grow at a constant rate of 8% per year. The company's tax rate is 30%. Because it has insufficient cash flow available from retained earnings, the company will have to issue new common stock and bond this year to finance all expansion projects. There are no flotation costs. Task: Given this information, calculate the company's WACC. Hint: Use the CAPM model to calculate cost of common equity (Ks): Ks Krf+(Km-Krf)*beta [WACC = waka(1-T) + wsks)