Given the following data for Wilson Mechanics, calculate the firms Weighted Average Cost of Capital.

Capital Structure: 60% debt- 40% equity

The firm has no bank loans, all debt is sourced through its one bond issuance.

Before-tax market yield (required rate of return) on its bond issuance is equal to 6%.

Tax rate is 30%.

Equity beta is 1.2.

Risk-free rate is 2%.

The expected return for the stock market is 8%.