Consider the following balance sheet of a publicly held company:

Cash $$760,000$ Long Term Debt $$7,633,500$

Receivables $$1,250,000$ Common Stocks $$14,176,500$

Inventories $$2,225,000$

Net Equipment $$17,575,000$

It is estimated that the yield to maturity on bonds are $9\%.$ The company faces a marginal tax rate of $28\%.$ Assume that stock price of this company rises such that it would sell at $1\mathrm{.}35$ times its book value $($amount in the balance sheet$)$ causing its cost of equity to move to $11\mathrm{.}5\%.$

What would be the weighted average cost of capital for this firm?