ABC Company has reported a return for its last fiscal year as 10.85%. The company has outstanding debt of P50,000,000, preference shares of P15,000,000, and common equity valued at P70,000,000. The tax rate is 34% It has paid P4,000,000 as an interest expense on its debt. The preference shares paid a dividend of $1,500,000. The risk-free rate of return is 4%, while the return on the Phil. Stock market is 11%, and ABC company beta is 1.3. Compute the Weighted Average CostofCapital.