Given the following information for Company X, find the WACC. Company X has 9 million ordinary shares outstanding; and 50,000 bonds (par value of the bond is $1,000) with semi-annual coupon payments of $45 per bond. The bonds have 9 years to maturity and sell for $1080 The company X's ordinary shares currently sell for $7 each and have a beta (B) of 1.2. The risk-free rate of interest is 7 percent; expected return of market portfolio E(Rm) is 16% and the company's income tax rate is 20 percent.