Calculate the cost of capital (WACC) for your division based on the following information.

You found three independent firms solely engaging in the same business of your division.Firm A has a beta of 1.8 and D/E of 1.2, firm B has a beta of 1.5 and D/E of 1, and firm C has a beta of 1.2 and D/E of 0.8.

Your division's D/E is 1.5.The tax rate is 40%.The before tax cost of debt is 8%.The risk free rate is 4% and the market return is 12%.

What is your division's WACC?