ABC Inc. has recently undergone a dramatic change in its capital structure. The managers of the company are currently trying to obtain an estimate of the firms cost of capital for various valuation purposes. The firm has 1,400,000 shares outstanding and each of them trades at a market price of $20. The beta of the stock is 0.818. The firm also has some bonds outstanding. The face value of the bonds is $5 million, but they currently trade at a discount, namely: 93% of par. The yield of the firms bonds is 11%, while the coupon rate is 10%. By contrast, the rate on T-bonds is only 5%. What is the WACC for ABC Inc. if the tax rate is 34% and the market return is 15%?