An important retail company in Mexico will carry out a project that requires an initial investment of $2,000 million pesos. Your Council of Administration authorized to finance the project with the following Structure of Capital: Bond issue: 50% Bank Credit: 30% Own Capital: 20% Data: Coupon face value, term and rate: $1,000, 10 years and 12% Float Cost: 4% Coupon starting price: $930 Bank Credit Rate: 18% Financing cost of Retained Earnings: 6%

Determine the AVERAGE COST OF CAPITAL WEIGHTED of the project