ABC Limited balance sheet shows a total of Rs. 55 million long-term debts with an interest cost of 8.00%. This debt currently has a market value of Rs. 60 million the company has 10 million shares of common stock, and the book value of the common equity (common stock plus retained earnings) is Rs. 75 million. The current stock price is Rs. 10 per share. The required 2 (expected) on the equity is 25%. The market risk free rate is 5% and estimated market risk premium is 10%. (Assuming CAPM). The applicable tax rate is 35%. ABC Limited is thinking to change its capital structure and targeting for 20% debt and 80% equity. Find the WACC (weighted average cost of capital) of the ABC Limited at the target capital structure.