Here is a book balance sheet for Dawood Associates. Figures are in millions.Unfortunately, the company has fallen on hard times. The $6$ million shares are trading for only for only Rs$.4$ a piece, and the market value of its bet securities is $20\%$ below the face $($book$)$ value.Because of the company's large cumulative losses, it will pay no taxes on future income. Suppose shareholders now demand a $20\%$ expected rate of return. The bonds are now yielding $14\%.$ What is the weighted$-$average cost of capital?Calculate the WACC for Dawood Associates assuming the companies faces $35\%$ corporate income tax rate.