Freedom Foods (ASX: FNP) is an Australian producer off a wide array of health goods such as dairy and plant-based beverages and various nutritional products. In 2020, with an aim to pay senior and secured debt and bolster its weakened working capital, FNP raised $265,000,000 via as subordinated secured convertible notes issue at $ 1 apiece. Perich family, the largest shareholder of the group, contributed $200,000 through their sister company Arrovest Pty Ltd. In November 2020, revelations showed approximately $590,000,000 in inventory had to be written down and several years worth of accounts had to be restated. Extensive investigation also pointed to the prospect of fraud. In addition, FNP was also facing two class actions in Australia, and one filed in the USA. After revelation of several accounting irregularities, restatement of accounts, and write-downs, FNP went into a trading halt in June 2020 until 30 October 2020.

Question: Using FNPs 2020 Annual Report, estimate the firms weighted average cost of capital (WACC) .