Calculate the weighted average cost of capital for a U.S.-based company given the following information:

Risk-free rate in the U.S.: 4%

Expected U.S. market risk premium: 14%

Company's risk relative to the U.S. market risk: 0.9

The company has 2-year, 12% bonds (paid semi-annually), face value of $1,000, selling for $1095.73.

The company's marginal tax rate: 35%

The company finances 38% of its capital by debt and 62% by common equity.