Gilbest limited share has a beta of 1.54, the expected return on the market index is 11.2 percent, and the risk free rate is 5 percent. The company has 14 million shares in issue with a market value of $15 per share and it also has 600000 bonds with a market value of $42 per bond and has a yield to maturity of 8%. Calculate the company's weighted average cost of capital, if the corporation tax is 30%. B) If the company is considering investing in a project that would yield an IRR of 11.8%, should it accept it