Calculate the WACC.

Maximum Inc. has 500,000 bonds outstanding that are selling at 95 per cent of par. Bonds with similar characteristics are yielding 12 per cent. The firm has 1,000,000 ordinary shares and the company equity has a beta of 0.5 and sells for 1200 a share. The government Treasury bill is yielding 6 per cent and the equity market risk premium is 14 per cent. The corporate tax rate is 28 per cent. What is the firm's weighted average cost of capital? Chose the answer below closest to the correct solution.