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KEN FLOWER FARM has a 4 million shares of common stock currently trading at Ksh 240 per share. Current risk free rate is 16%, market

KEN FLOWER FARM has a 4 million shares of common stock currently trading at Ksh 240 per share. Current risk free rate is 16%, market risk premium is 32% and the company has a beta of 2.4. It also has 200,000 bonds with par paying 20% coupon annually maturing in 20 years currently trading at 19,000. The tax rate is 30%. Calculate the weighted average cost of capital.

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