Here is some data about Masked Marvels Inc. (MMI): Debt to Equity Ratio 1.43 :1 Shares outstanding 1,200.00 Beta 1.60 Risk free rate 5.00% Expected return on market index 12.00% Debt face value $1,200,000 Term to maturity of debt 10 yrs Coupon rate on debt 4.45% paid semi-annually Current market price of debt 104.25 Tax rate 45.00% Required:

Calculate the weighted average cost of capital for MMI.