Find the weighted average cost of capital for a firm with a market value of equity equal to $49M and the market value of long-term debt equal to $12M. The company has 2 bond issues outstanding. One matures in 3 months, has a YTM of 6.33%, the other matures in 27 years and has a YTM of 20.79%. the company has a tax rate of 46.1% and equity beta of 1.2, the risk-free rate is 2.23% and the expected market return is 17.76%.