FM-group Inc. has 1.5 million shares outstanding at Tk. 16 per share. The beta of FM-group's equity is 1.5. Its market-risk premium is 4.00% and the appropriate risk- free rate is 4.00%. FM-group Inc. also has outstanding debt worth of Tk. 10 million. The bonds currently sell at Tk. 895 and have four years left to matturity. The coupon rate of FM-group's long-term debt is 6% and nominal value is Tk. 1,000. What is the firm's cost of capital? The company pays income tax at the rate of 28% per annum on its profit