Alpha Inc company has 2 million shares outstanding. Below are the forecasted sales and expenditures for the next five years: Year 0 1 2 Sales and investments forecast ( millions): 3 4 5 Sales Gross fixed assets Depreciation 120 90 130 104 15.6 136 120 17 147 134 18.6 158 147 19.2 168 162 19.5 Alpha Inc's costs of goods sold, other costs, and the net working capital requirement are expected to be 70%, 15%, and 10% of sales over the years, respectively. Profits are subject to a tax rate of 30%. Question: Suppose that Alpha Inc only uses debt and equity as the capital, its target debt-to-value ratio is 1/3. The company's equity has a beta of 1.4. The annual risk-free rate is 3.3% and the annual market expected return is 12.3%. The cost of debt of the company is 6%. What is the weighted average cost of capital (WACC) of Alpha Inc